fbpx
QQQ
+ 9.45
304.69
+ 3.01%
DIA
+ 6.79
301.99
+ 2.2%
SPY
+ 9.42
370.59
+ 2.48%
TLT
-2.06
145.18
-1.44%
GLD
-0.29
162.13
-0.18%

Exclusive: Technical Analyst Says Apple is Poised for "Breakout"

by
May 18, 2015 2:59 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Exclusive: Technical Analyst Says Apple is Poised for "Breakout"

Anne-Marie Baiynd was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

Technical analyst Anne-Marie Baiynd said on Benzinga’s #PreMarket Prep that Apple Inc. (NASDAQ: AAPL) is “going to breakout,” though the analyst cautioned that it may not “get up and run” higher. Instead, Baiynd said that she expects the stock to meet some resistance in the $131 to $132 range.

Between that $131 and $132 range, which the stock is currently pushing up against in the wake of Carl Icahn’s latest comments, Apple will need to “prove itself,” said Baiynd. But, those comments certainly don’t hurt, she added.

Baiynd was ultimately skeptical as to whether Apple has the momentum to breach prior highs at $134.54, which the stock last saw in February and late April. Instead, however, Baiynd pointed to GoPro Inc (NASDAQ: GPRO) as a stock that could be poised for a “run.” GoPro is a “great story,” she added.

The full interview is available below.


Related Articles

Benzinga's Weekly Bulls And Bears: Airbnb, Apple, Kroger, Starbucks, Tesla And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included the iPhone maker, the leading electric vehicle maker and a couple of reopening plays. read more

Barron's Latest Picks And Pans: Roundtable Picks, Quantumscape, Commodities And More

This weekend's Barron's cover story explains why the online renegades that took the investing world by storm are just getting started. read more

Benzinga's Bulls And Bears Of The Week: Apple, Boeing, Netflix, Starbucks And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included tech giants and an aerospace turnaround play. Electric vehicle and video streaming leaders were among the bearish calls seen. read more

Benzinga's Final Bulls And Bears Of The Year: Alibaba, Apple, Intel, Tesla And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included the iPhone maker and electric vehicle stocks. A semiconductor maker and a Chinese internet giant were among the bearish calls. read more