Apple.. BUY BUY BUY!
Price Target: $540
Stop-loss: $485
The stock reached its 52 week low in April. Since then the stock has made a huge turn and has begun an uptrend. The release of the new Iphone's made the price go down about 10% but the stock has already recovered and continued its bullish trend. The Parabolic SAR indicates a buy signal and the MA's are about the make a golden cross(bullish signal). I am long this stock. If I were to buy it I would hold it for 1+ to really take advantage of the profits earned with this stock. My price target is where the yellow circle is placed right where the upper channel line and a fib line meet.
Stop-loss: $485
The stock reached its 52 week low in April. Since then the stock has made a huge turn and has begun an uptrend. The release of the new Iphone's made the price go down about 10% but the stock has already recovered and continued its bullish trend. The Parabolic SAR indicates a buy signal and the MA's are about the make a golden cross(bullish signal). I am long this stock. If I were to buy it I would hold it for 1+ to really take advantage of the profits earned with this stock. My price target is where the yellow circle is placed right where the upper channel line and a fib line meet.
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