Apple lovers are excited to see the shares jump up 25 dollars after a 38 percent move down ($705 to $510) from September.
Tiernan Ray form Barron’s says the company’s shares will eventually rebound as it refocuses on what it does best, making great products that generate huge amounts of money.
This is a bullish move for Apple today in the market. However, caution flags are still high until the Fiscal Cliff is either extended or dealt with.
The graph aside shows AAPL support and resistance levels to watch for in the short-term.
The AAPL earnings date is scheduled for January 22, 2013 but still yet to be confirmed.
Apple finished the year 2012 with the net income up 61 percent and net sales up 45 percent from 2011.
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