Apple Stock Price Levels to Watch After Earnings Report as iPhone Upgrades in Focus
Key Takeaways
- Apple shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features.
- The stock looks set to continue its upward momentum after finding support near the lower trendline of a rising wedge pattern.
- Investors should watch crucial overhead areas on Apple’s chart around $260 and $350, while also monitoring major support levels near $235 and $218.
Apple (AAPL) shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features.
While the company reported a drop in iPhone sales during the December quarter due…
