Posted On: 07/22/2015 5:34:16 AM
Post# of 586
$AAPL stock was trading around $131 ahead of yesterday earnings. The company was expected to report sales of $49.31billion and EPS of $1.81.
Apple has been a boring stock over the last five months because the company is so large that shares can’t really move up much from here. When a company has a market cap of almost $750 billion, it’s really hard to move the needle no matter how good they are. The Apple watch has been a huge flop and the company could be done innovating.
Still, the iPhone is one powerful product so this will drive the stock over the next 12 months. Apple needs to break $135 on heavy volume to move into the $140’s. Support is located down around $120-$122. Would you trade AAPL stocks now?
Apple has been a boring stock over the last five months because the company is so large that shares can’t really move up much from here. When a company has a market cap of almost $750 billion, it’s really hard to move the needle no matter how good they are. The Apple watch has been a huge flop and the company could be done innovating.
Still, the iPhone is one powerful product so this will drive the stock over the next 12 months. Apple needs to break $135 on heavy volume to move into the $140’s. Support is located down around $120-$122. Would you trade AAPL stocks now?
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