Apple Inc Upgraded to Strong Buy-Stock Price Above 200 SMA

AAPL Apple Inc Stock Chart 3.22.19

AAPL Apple Inc Stock Chart 3.22.19

Apple Stock Upgraded To Strong Buy Ahead Of Big Launch Event

Wall Street analysts pounded the table for Apple stock ahead of the company’s major media event scheduled for Monday. Apple (AAPL) will disclose its streaming video plans at the event, analysts say.

Brokerage firm Needham on Thursday upgraded Apple stock to strong buy from buy and upped its price target to 225 from 180. Citi reiterated its buy rating and raised its price target to 220 from 170.

Wedbush Securities maintained its outperform rating on Apple stock and hiked its target to 215 from 200.

Apple shares surge to 4-month high, as stock chart points to growing investor confidence

Apple’s stock rose 3.7 percent on Thursday, putting the stock on pace for its ninth positive day in the past 10 days of trading.

The technology giant’s stock climb led a broad rise across the S&P 500 information technology sector, which was up 2.5 percent on Thursday. That sector has climbed 20 percent this quarter.

Apple shares recently passed the “really critical” level of $185 last week, Marc Chaikin, CEO of Chaikin Analytics, told CNBC.

Stock Trading Lesson

Bull flags and bear flags, we all know them and we look for them in every stock chart.

Back in the day they were easy to find and worked like crazy. Reliable money-makers.

Today’s charts are more complicated. Humans aren’t running the show anymore. Stock prices move the same distance but in a much different flow.

Knowing order flow is great, but how do you find “safe” entries?

So what do you do? How do you find entries without making things complicated? How can we find continuation patterns that gives us low risk entries?

Believe it or not, after 20 years of trading I use one, and only one entry signal. 

Watch these 2 videos to learn more…

About the Author

Leave a Reply 3 comments

Cornel Reply

Very good post Pete. Identifying order flow is beginning to be harder nowadays due to automation and speed at which these algos perform. Doji candles tend to carry a lot of weight in determining whether there will be a potential substantial move when analysed within the context of a trend.

    Info Trading Reply

    Hey Cornel, thank you for the insights. Pete

Leave a Reply: