Apple (AAPL) Outlook For October 2, 2014

AAPL rests on its 50-day MA, but the MACD is still on a sell mode. Just below its all-time high and the psychologically important $100-mark, AAPL has been range-trading between $98 and $103 since mid-August, a very constructive price behavior. I believe that AAPL will mark new all time highs in the next weeks. The stock needs a close above $101 to turn the technical picture into positive again.

AAPL, daily chart(3 months):

aapl_20141001

Chart courtesy of StockCharts.com. http://stockcharts.com

AAPL, daily chart(3 years)

aapl_2

Chart courtesy of StockCharts.com. http://stockcharts.com

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