Loading...
Loading...
Shares of Apple have been stuck in a trading range for the past three months after recovering a portion of its 2012 losses. Investors and market pundits have been debating the Apple story, questioning management, and trying to determine if the company is a value play, or just a value trap.
Market technician J.C. Parets is bearish on the stock:
For players like Doug Kass, the technical outlook isn't so concerning. On Tuesday, Doug Kass tweeted a bold prediction to his followers.
Traders will be watching price action at the critical $550 figure, which served as resistance in February after shares rallied to fill an enormous gap created after the company
reported first quarter earnings.
Shares of Apple have been propped up by management who bought $14 billion of its own stock over a two-week period following the first quarter earnings release.
Shares of Apple are up 0.7 percent to $534.80 in Tuesday's session.
Loading...
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in