Apple (AAPL) Outlook For October 28, 2014

AAPL hovered around all time highs on Monday’s session. The daily trend is up as long as price trades higher than $101. There is also support at the high end of the 98-103 range of the last 2 months. The recent breakout from this range opens the door to $108. The stock is a bit overextended in the short term and may need to rest a bit before advancing further.

AAPL, daily chart (3 months):

aapl

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

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