Who is Selling Apple? (NASDAQ: AAPL) Reports Xplosivestocks.com

While Apple (NASDAQ: AAPL) has had a remarkable run-up recently, and even a 5-fold gain from its recession lows, the stock is still quite inexpensive on any metric. Yet the stock is still struggling to pass the $400 mark, besides its after hours gains two nights ago after the firm reported. Apple has been on a steady increase however, and it's likely due to the company's bullish technicals. While the strong fundamentals suggest an upward trajectory, it's the technicals that lead the short term movements.

Apple has experienced large run-ups followed by flat consolidation in the stock price. Currently, the technicals show an upward momentum phase which is carrying the stock price higher. That may explain why the stock did not jump 10% to $400 the day Apple reported. Instead the stock is in a steady climb as to not get too far ahead of itself, and reach the $400 price target at a steady pace.

People buy and sell Apple stock every day, but who's selling now? Those who have large gains in the stock may be selling. However those that see the long term future ahead of Apple are leaning towards the buy side, which is currently propelling the stock to new highs.