The rah-rah grand debut of the iPad didn't give a further boost to the stock price. But after all, has any event since the Cabbage Patch Kid ever been so hotly anticipated?
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| AAPL $237.54 |
And in fact, weren't most people lined up to buy the iPad on Saturday members of the Cabbage Patch Kid generation?
There is food for thought here.
With Thursday's high of $238.73, AAPL continues to push into blue-sky territory. It is going where no AAPL price has gone before in a price that began in January 2009, and in the near term, last February.
So for the patient, this is a ride-the-bull trade.
Not be a stick in the mud, but there are some concerns.
Earnings will be announced April 21, and with all the iPad hype, I suspect there will be a huge tendency for earnings surprises. The narrative has mainly been gee whiz, so the self-interests of analysts and media types in this case is to be contrarian, to accentuate the negative.
You are here:
- Reversal (upside)
- None
- Now $237.54
- Reversal (downside)
- $220, -15.8%
- $197, -17.9%
- $190, -20%
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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