Apple is a hot company with tons of products which consumers are flooding to stores to buy. With Steve Jobs back on the scene, we can expect this stock to move higher quite nicely. It already had a big move from the 170 range up into the 180 range. It looks like it will continue to go higher breaking the 200 level. This could be a great short term trade for a 10% profit. I don't suggest being in this one for the long term since tech stocks are generally not good long term plays... you never know when they will drop 50% on you simply because their products are not "hot" anymore. See the following chart for more detail:
Notice how the downtrend started in 2008 with violent bear rallies. That downtrend was officially violated in 2009 delimited by the orange oval intersecting with the red line. It's been on a nice uptrend since and looks positive for breaking the 200 level before year end. I rate AAPL as a buy here.
Apple is a hot buy 1 month before their quarterly conventions/conferences they hold. The stock always jumps up atleast 5% after their conventions/conferences.
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