Room to Rally for Apple Inc (NASDAQ: AAPL) Says Market Timer Frank Kollar
February 10, 2009 (FinancialWire) (By Frank Kollar)
Shares of Apple Inc (NASDAQ: AAPL) have broken above resistance at $100 a share by closing on Monday February 9 at $102.51.
This was an important resistance level for Apple that has held shares in check since mid-November 2008.
How high can Apple go? If the stock market moves higher over coming weeks, Apple will outperform and could reach $130 a share before serious resistance is reached.
The http://www.fibtimer.com Stock Strategy has a position in Apple.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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