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Apple Inc (NASDAQ: AAPL) In Rally Mode

April 22, 2008

Shares of Apple Inc (NASDAQ: AAPL), the niche computer company, are on a one week tear that has taken prices some 16% higher. At the close on Monday April 21, AAPL sits right at a critical resistance level.

Only two weeks ago we wrote: “AAPL is at $158.80 a share. That level should be surpassed on any market strength in coming days and Apple will then be headed for the next resistance level at $169.22.”

AAPL closed Monday at $168.16. The $169.22 resistance level, only a fraction higher, is critical to this advance. If Apple makes a decisive close above $169.22, look for a run to the old rally highs at $200.00 a share.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy has a position in Apple Inc.

Posted on April 21, 2008 in Stock, ETF and Market Analysis |

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