Apple (AAPL) Shares are Up 11.43%

Apple (AAPL) : Traders are bullish on Apple (AAPL) as it has outperformed the S&P 500 by a wide margin of 7.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.43% in the last 1 week, and is up 5.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.55% and the 50-Day Moving Average is 9.86%.The 200 Day SMA reached 13.55% Apple Inc. is up 21.2% in the last 3-month period. Year-to-Date the stock performance stands at 11.04%.


Apple (AAPL) : Average target price received by Apple (AAPL) is $121.56 with an expected standard deviation of $16.94. The most aggressive target on the stock is $168, whereas the most downbeat target is $82. 27 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Apple (NASDAQ:AAPL): stock was range-bound between the intraday low of $114.04 and the intraday high of $116.13 after having opened at $115.12 on Fridays session. The stock finally closed in the red at $115.12, a loss of -0.56%. The stock remained in the red for the whole trading day. The total traded volume was 79,886,911 shares. The stock failed to cross $116.13 in Fridays trading. The stocks closing price on Thursday was $114.92.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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