Why history suggests that a major surge is ahead for Apple
Publishing timestamp: 2016-05-25 20:04:31
Summary
After a recent post-earnings slide, Apple's stock has jumped 10 percent and a technical analyst believes the gains will accelerate. The stock is showing similarities to a past rally, and could rise to its 200-day moving average. From a fundamental perspective, Apple is seen as a worthy investment despite the end of its super-growth period. The stock has had a positive impact on the Nasdaq 100 index despite losing a quarter of its value over the past year.
Sentiment: MIXED
Tickers: AAPL,
Keywords: business news, apple inc, investment strategy,
Source: https://www.cnbc.com/2016/05/25/why-history-suggests-that-a-major-surge-is-ahead-for-apple.html