Gareth Soloway
InTheMoneyStocks
Monday, May 7, 2018
Apple $AAPL Hits Upper Channel Range, Signals Strong Short Swing Trade
Shares of Apple Inc (AAPL) have soared in the past week, jumping over $25/share. This was a double whammy move. First Apple reported better-than-expected earnings, then Warren Buffet told the world he bought $75 million shares of Apple in the last quarter. While it is definitely great news for the biggest company in the world, the chart is now screaming 'overbought'. There is a great short swing trade on Apple at $187.50. The stock is tagging its upper trend channel range and will likely see a near-term pullback to $179.00 in the next week. See the chart below.
