Apple is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern. Investors have an opportunity to buy the stock and target the $ 203.45.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Apple accounts for 5.38 % of our USA Portfolio. A trade is currently open since 12/09/2016 with a purchase price of $ 114.20. Discover the other 19 stocks of the USA portfolio managed by the 4-traders portfolio management team.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Historically, the company has been releasing figures that are above expectations.
Analysts covering this company mostly recommend stock overweighting or purchase.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 170.15 USD
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.