Are we going to see another Apple Stock Increase?
Today COO Tim Cook announced Apple’s (AAPL) Intention of selling 10 million IPhone’s this year (that’s a whole bunch of Iphones!).
As we know I’m a huge fan of Apple and the company in general as I discussed after the big Apple stock drop. I think they have everything that qualifies as a “bang on” Rule #1 Company. In fact, I think if Phil Town was rewriting Rule One he’d consider adding Apple as a example Rule One Company.
Anyway, I’ve been keeping my eye on this stock since I started trading. The stock price was either above the Margin of Safety ( back in December 2007) or the technical indicators were telling me to stay out (during the stock drop). Well, luckily for me there was a stock price drop and after the announcement today looks like the stock price could be back on the rise. Check out the image below.
The technical indicators tell us two important things
- The Stock Price is just moving through the 30-day moving average
- The MACD buy line is above the sell line and the average number of buyers is larger then the number of sellers.
So is the stock going to make a HUGE increase like before? Nobody can tell you that 100%. However, with consistent growth rates over the previous 9 years and incredibly good Return on Investment Capital it wouldn’t’ be a bad bet. I have a sticker price of over $200 so I see this as a steal of a deal!
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Thursday, February 28th, 2008 at 5:48 pm under
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