Apple (AAPL) Outlook For October 24, 2014

New all time high for AAPL yesterday. The daily trend will be positive as long as price trades higher than $101. AAPL finally broke out from the 98-103 range of the last 2 months, opening the door to $108. A lot of course depends on the general market direction, with the major US indices being a bit overextended in the short-term.

AAPL, daily chart(3 months):

aapl24

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

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