Apple Shares Soar over 8%

After trading nearly 120 Million shares today, Apple Computers (AAPL) ending at the close up a solid 8.34%, nearly breaking past $93 and setting new 52 week highs past $53.16. Squared in is the consolidation that occured after the gap up day which brought Apple back to its 50 day moving average, or 50 DMA. Now, for those who did not join this bandwagon today, there are two ways to play this stock. First way is to buy with a heavy volume break past $93.16 which could very well happen tomorrow. But, personally I would like to see the stock cool off in the low $90s or even high $80s before making a move to new highs. If consolidation occurs, the 50 DMA should continue to pull up nicely, and in a few weeks time this stock could make a run for par, or $100. If the break doesnt happen this week to new highs, I would look for a buypoint during consolidation.