Thursday, September 16, 2010

Apple Inc (AAPL) - Leading The NASDAQ Higher


Today Apple Inc (AAPL) surged higher posting a new high close for the year.  This stock has been rising rapidly since August 27th and has rallied 17.4% in just a matter of weeks. Not bad for a $200 stock.

Over the past 13 days the NASDAQ has been outperforming the S&P500 primarily due to AAPL's  relative strength. Keep in mind that AAPL is the most heavily weighted stock in the NASDAQ representing about 14% of the QQQQ's holdings.

Volume was heavy today at 23.3 million shares which is above average for this stock. The high for the year made last June is at 279.01 and  is just a few dollars away. Today AAPL Inc. (AAPL) closed at 276.57 which is up 2.35% from Wednesday's close.

Posted by Kevin

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites