Monday, October 15, 2007

Apple dips, but still pricey

Down four of the last five days, AAPL closed at 166.82 today. The 10-day SMA (163.29) and EMA (162.81) are catching up with the stock, which has been in the stratosphere.

The tear has been insanely nice since early September, a run from 130. Trading above its 10-day averages, but earnings are out on Oct. 22. Tough call.

Pupule says: Wait. If today's pullback extends through tomorrow, we could get a better price.

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