Apple
AAPL
Real-time BATS EXCHANGE - 12/13 08:45:55 pm
170.07USD
+0.37%

One could take advantage of the market's hesitation

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David Meurisse
Contributor / Partner

Strategy published on : 12/06/2018 | 18:14

long trade
Stop-loss triggered

Entry price : 172.066$
Target : 179.7$
Stop-loss : 168.9$
Potential : 4.44%

After having been stuck in a trading range, shares in Apple are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions.
Investors have an opportunity to buy the stock and target the $ 179.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 156.41 USD in weekly data.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 172.29 support.

● 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.

● The group usually releases upbeat results with huge surprise rates.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

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