Market Pundits Disagree On Battleground Apple Stock

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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.
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Posted In: Analyst ColorAnalyst RatingsTechMediaDoug KassJ.C. Parets
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