The iPhone maker should know new record highs.

The Cupertino based firm enjoys an excellent Surperformance rating. This latter underlines the great profitability, the sound finances (it has a USD 200 billion hoard) and the analysts’ optimism. Indeed, there is an overwhelming buyer consensus whose average target price is displaying a +18% potential. With many projects in the box, Apple still has opportunities to seize. We may mention rumors about an ipad pro or an iCar.

Graphically, the stock keeps a strong upward performance. As the share is coming back on the lower trend line, long term moving averages remain well oriented. The rising 50-week MA should allow the security to keep its momentum. Because of slightly under estimates quarterly earnings, the share was lately oversold.

Thus, the present price represents an opportune entry point. Investors should then open a long position and target, in the first place, a reversal toward the USD 133 resistance. A stop loss order should be set at USD 121.