Apple (AAPL) Outlook For October 27, 2014

New all time high for AAPL on Friday. The daily trend will be positive as long as price trades higher than $101 (Tuesday’s opening gap). There is also support @ 103, which is the high end of the 98-103 range of the last 2 months. The recent breakout from this range opens the door to $108.

AAPL, daily chart (3 months):

aapl_20141027

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

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