Apple Inc. AAPL shares are trading higher by $3.41 at $99.71 in Friday's session. It is now $6 higher than Wednesday's low ($93.42).
The company, which reports earnings after next Tuesday's close, has historically had a pre-earnings run-up in price ahead of the actual announcement.
After a higher open in today's session, it retreated only $0.20 to $98.37 before continuing higher. So far, it has reached $99.89 and is not far off that level.
If the rally continues through the $100 barrier, there may be additional resistance at its January 15 high ($100.48).
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.