Apple (AAPL) Outlook For October 13, 2014

Despite the general market’s downmove, AAPL shows big relative strength, having an upweek. The stock has been trading within the 98-103 range during the last two months and as long as price remains over the psychologically important $100 mark, the trend is clearly up. Current consolidation a few dollars below all-time highs keeps my scenario of new price records soon on the table.

AAPL, daily chart(3 months):

aapl

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

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