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I think that the next break past $102 for Apple (AAPL) is the next buy point. The stock has consolidated nicely the last few days around $100 and volume as dropped off. $98 is good support as well for this guy right now. You could place stops around $97.50 and feel good about it. Here is the chart!
I am wondering if the MACD needs to come back down a bit before this break will ensue. Perhaps sitting up in this area for a week or two is not a bad thing.
__________________ Blain Reinkensmeyer
Founder, stocktradingtogo.com
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Blain, remember back when the iPhone announcement happened and it started correcting after earnings...I said "if AAPL hits 85 I'm going all-in with July Calls."
Boy I wish I had the balls to do pull that trigger! LOL
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