DailyPlay for Monday April 13th, 2015 – Apple Inc. (AAPL)
The DailyPlay we chose for Monday April 13th is Apple Inc. (AAPL). AAPL is in the Technology sector (XLK). XLK’s 1-month and 6-month trends just turned bullish of Friday as it crossed above its 50-day moving average. Looking for moves higher towards its $42.73 resistance level.
Apple Inc. continues its strong bullish trend as it bounces off its $125.05 support level on Friday. With positive momentum, we are looking for AAPL to continue this trend higher. AAPL releases its Watch at the end of April and releases earnings on April 27th. These two factors can potentially help push AAPL higher.