Stock Pick: AAPL Cup-and-Handle

AAPL 032410

As it looks like the market is going to venture out on the next leg of the rally, AAPL is breaking out of a good looking cup-with-handle pattern. Have a look at a long-term chart from FINVIZ:

AAPLc1dl2006

From this chart we can also see that AAPL has moved out of its previous trading channel and is using the old resistance as new support. I like AAPL as a strong performer with the indexes continuing to rally.

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Alex Stewart

I am an MBA student with a degree in personal wealth management. If you have any questions at all, go to the contact page and send me a note.

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