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Monday
Jan252010

Apple Back Above 50-DMA After Hours

DateMonday, January 25, 2010 at 02:43PM

Apple (AAPL) had a nice day today, closing up $5.32 to $203.08.  The stock had a strong earnings report after the close, and it closed the after-hours session up another $1.52 to $204.60.  While this is a small gain for Apple compared to what it does sometimes after earnings reports, it is a significant gain because it has put the stock back above its 50-day moving average.  With the speculated release of its tablet coming on Wednesday along with lots of other non-stock related events going on in the market right now, Apple can use as many positive technical forces as it can get.


Aapl125


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