AAPL’s uptrend remains intact as long as price stays above $108. Price consolidation at record highs has been going on for one week now, as intraday volatility has decreased. This is very healthy price action, which, given the general market bullishness, may lead AAPL to even higher valuations.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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