The Bullish momentum on Apple Inc. (AAPL) will continue into 2014, with the stock possibly closing above $600 to end 2013 on a very positive note. Even though I’m not too impressed with the products in the AAPL Pipeline, I’d much rather stick with AAPL who has a considerable market share and fan following in the Tech realm, than a company like Samsung, which despite their great products, has always come up short, crushing investor expectations. To add to this, Hedge Fund manger Carl Icahn is pressuring AAPL to initiate a monstrous $150 Billion stock buy-back, which could magnify the Bullish move and kill any shorts that are still betting on AAPL to go bankrupt.
Here is a Daily chart of AAPL:
AAPL reports its quarterly earnings next week. I’m expecting AAPL to crush Wall Street estimates and report extraordinarily great earnings.
Price Target: $600+
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