Apple's Next Move
12/10/2008 10:48 am EST
Apple Inc (AAPL) - The popular maker of personal computers, portable digital music players, and mobile communication devices topped off last May at more than $190 a share. Then, it tumbled from $160 in early September to $82 in early October.
Now, however, with a breakout Monday from its 50-day moving average following a pattern of Collins-Bollinger Reversal (CBR) buy signals, Apple seems capable of not only reaching the upper resistance line at $114, but might even reverse its overall downtrend and make a run to $120.
By Sam Collins of OptionsZone.com