Rochester, NY 7/30/2009 12:46:50 AM
News / Business

Apple Inc. AAPL, Apple gaining the market high

Apple Inc. AAPL

Apple Inc has gained $160.00 at close market. So far the stock has hit a 52-week low of $78.20 and 52-week soaring of $180.45. Apple price watch show 156.73 and struggle in the 161.73 range. Technical indicators shows that the company’s stock still continues to move and S&P gives AAPL a positive 4 STAR (out of 5) buy rating.

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AAPL appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '09 160 covered call (APV IL) for a net debit in the $152.65 area. That is also the break even stock price for this trade.

About Apple

Apple Inc. and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions. The company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers.

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