Apple Inc.(NASDAQ:AAPL) ended higher by for the
third session on Monday and rose 1.34% to $630 to close at 4-month high of
$630. Most importantly, yesterday AAPL broken out after months of consolidation
and has shown solid rebound at lower levels, which shows investors are bullish
on the stock and find it cheap at every fall? Going forward, the stock may face
psychological resistance at its life time high of $644, once it breaks the
trend is likely to be continued and we may see another record high for AAPL.
Don’t
Miss Our In Depth technical Analysis on AAPL Here
The company is highly anticipated to launch its
iPhone5 in the mid of September, which should limit the correction in stock
price going forward. The stock has already gained 55.50% so far this year.
ResMed Inc.(NYSE:RMD) is on the verge of strong breakout
which may push the stock further higher. The stock ended higher by 1.03% to
$36.26 on Monday. The stock needs to break above its 52-week high of $36.34.
The stock has already gained over 14% so far this month following 3 –month consolidation.
Traders need to watch for near term resistance before taking call on the stock.
Get
Daily Technical Breakouts in Your Inbox For Free
No comments:
Post a Comment