Apple Flirting with the $600 Level
The shares of Apple (NASDAQ: AAPL) are showing strength on today's trading session. The stock briefly hit the $600 mark, which is the highest level since the end of April.
Earlier this year, Apple reached its all-time highs of $644 per share. However, the share price declined rapidly from this level and went all the way down to test the support around $520-530.
Apple broke back above its 50-day moving average in mid-June and has been able to stay above this key technical level in spite of testing it in a few occasions. Apple is currently trading at $599.46, a gain of $6.93 or 1.17%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.