Apple (AAPL) Outlook For November 14, 2014

New session, new record highs for AAPL yesterday. The short-term uptrend remains intact as long as price stays above $109,50. The $112 price target that was set after the breakout from the late 108-110 consolidation range was easily surpassed yesterday. We may see a correction down to this level shortly, before another new all-time price record is accomplished.

AAPL, daily chart (3 months):

aapl

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

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