Apple passes $200 a share again
As of 1:43 pm today, I saw Apple's stock price pass $200 a share again (it had done so momentarily last week), and it is now up around $200.24 a share. While Apple is only 29 years old, the stock is now entering its third century -- at least in terms of dollars.
Conventional wisdom from technical analysts is there is typically a lot of resistance at century marks. Option strike prices that end in double zeros often have very large open positions as well. The fact that Apple has broken the $200 mark indicates some short-term strength for the company, since those barriers have now been broken.
Full disclosure: the author is long Apple Inc. at the time of writing.
Conventional wisdom from technical analysts is there is typically a lot of resistance at century marks. Option strike prices that end in double zeros often have very large open positions as well. The fact that Apple has broken the $200 mark indicates some short-term strength for the company, since those barriers have now been broken.
Full disclosure: the author is long Apple Inc. at the time of writing.
Technorati Tags: Apple, Stock prices, Stocks
posted by Carl Howe at
2:08 PM
| View blog reactions
| 
