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Wednesday, December 13, 2006 

Shares of AAPLE surged 3% today !!!!!

Chart courtesy of stockcharts

Shares of AAPLE rose more than 3% today to 89.05$ after bullish analyst notes. One analyst of Morgan Stanley's raised her price target on the stock to $110 from $90, and also raised her 2007 earnings outlook. The technical chart is showing some improvement in the MACD indicator and the stock have restested with sucess the previous breakout area, so we could see the first resistance area near 90 in the 20 dma line, however the stock is currently on an uptrend with 50 dma on top over 200 dma, it means that stock still in a Bullsih market.

Stock to watch tomorrow : PPHM , EPCT , INSM

Trade Alerts : CYTC , DELL , FINL , AVGN : Bullish - 50 dma line crossover 200 dma

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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