Friday, November 30, 2012 (AAPLTrader)
Apple Inc. (NASDAQ: AAPL) has rallied $85 points from its huge $200 drop over the past two months. This type of volatility can be hard, especially at times where the market is sensitive due to fiscal cliff worries.
Did you know Apple is now making more money from its iPad sales than from its Mac sales?
This forecasts the importance of the tablet market in the future and the growing demand for smaller,smarter mobile products.
AAPL is still the most valuable company in the world with $119 billion in cash. It makes 54.2% of its revenue from the iPhone, 12.5% from the iPad and 11.1% from Macintosh.
See how the AAPLTrader Community is trading AAPL stock right now at AAPLTrader.com
Where is AAPL Stock right now?
AAPL stock is sitting right around a very important level right now: The $590 Area!
On March 14, 2012, Apple had its first encounter with the $590 price level and has done so 13 times since. With momentum slowing down and the Average True Range* (ATR) falling to 16.8 from almost 20, we might be expecting to see smaller price ranges in AAPL in the near future. In addition, the #1 indicator at AAPLTrader.com is still showing bullish signs for AAPL stock.
Trade On,- Micah -
* Average True range (ATR) tells you how much AAPL stock is moving on average over a given time frame.
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