Tuesday, January 24, 2012
Last Hurrah For Apple?? Part 2
January 19th, we eluded to a jump in AAPL stock after earnings are announced for one last hurrah. Now, with this run up in after hours, what to expect next? The stock is likely to trade up some more with morning cheer leading, but would watch to see how it finishes for the week? In the past, AAPL typically fades off in the weeks to follow so odds are high we see it trade lower. However, we will need the overall market to participate and be in lockstep. Look for the broader market close below the low of the previous day to signal a sell. Longer term AAPL trades higher, but intermediate there could be some negative pressure. Looking further out watch out for earnings in late April. Notice how their first quarter earnings typically are up substantially while their 2nd quarter is not so stupendous or rather lackluster. Although earnings were up substantially today, relative to previous 1st quarter announcements, it shouldnt be a total shock.
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