Investors responded to Apple's announcement about financial results in second quarter, and Apple's stock gained almost 6 percent today. Apple has closed on Tuesday at $244.59 and opened today at $258.79. The stock price varied a little during the day reaching a maximum of $260.25 and closed at $259.22. This the biggest one-day increase since May 2009.
Analysts say that it would be a good sign if Apple's shares haven't been already so high. They also analyzed computer companies that had 5 percent increases after releasing financial results and showed that usually stock price rose about 1.9 percent over the following week.
Analysts also found out that if shares are at least 10% over their 50-day moving average, the stock price tends to go down. It doesn't bode well for the investors, because Apple share are traded now at about 16.3 percent over the moving average.
I think that the stock price will stay at the same level or slightly increase this week. We can also see that iPhone sales are propelling this increase. Apple's shares in cell phone market are rising and iPhone is becoming a popular device outside the United States.
Source: The Wall Street Journal
Analysts say that it would be a good sign if Apple's shares haven't been already so high. They also analyzed computer companies that had 5 percent increases after releasing financial results and showed that usually stock price rose about 1.9 percent over the following week.
Analysts also found out that if shares are at least 10% over their 50-day moving average, the stock price tends to go down. It doesn't bode well for the investors, because Apple share are traded now at about 16.3 percent over the moving average.
I think that the stock price will stay at the same level or slightly increase this week. We can also see that iPhone sales are propelling this increase. Apple's shares in cell phone market are rising and iPhone is becoming a popular device outside the United States.
No comments:
Post a Comment