Walter Murphy Hints Apple May Be too Risky to Buy at These Levels

We all know Apple

has been in the news almost everyday for the past several months. The company's share price has been rocketing since November 2011 on the back of a rumored iTV, a new upgraded iPad, and the recent dividend and share buy back initiatives. Walter Murphy, owner of Walter Murphy Global Advisors, with over 34 years of technical analysis experience

Monday afternoon, hinting that Apple might be a little too high at current prices. He said via Twitter, "Just finished lunch. Had a pear; lost my appetite for an apple," hinting at the huge share price in that of Apple, and that the share price is just too high to trade at these levels. Currently, shares of Apple are trading over 2% higher at $598.08 per share, just below the psychological $600 per share level.