Bullish Analysts vs. iPhone Sales Concerns
Though it hasn’t been without its ups and downs, Apple Inc’s NASDAQ: AAPL stock has effectively been trading sideways since July. In fact, the tech titan’s shares closed Tuesday’s session at the same price they were just one week before they popped to their last all-time high. In the three months since then, they’ve fallen as much as 20% and rallied about the same.
Apple Today
$227.10
+1.33 (+0.59%)
(As of 10:43 AM ET)
- 52-Week Range
- $164.07
▼
$237.23
- Dividend Yield
- 0.44%
- P/E Ratio
- 35.32
- Price Target
- $239.27
Speaking from a technical perspective, at least, Apple’s shares haven’t been forming the most bullish pattern. Sure, they’ve managed a run of higher lows since August’s dip, but it’s the lack of higher highs that could…
