APPLE COMPUTER
(AAPL-Nasdaq):
Technical Viewpoint: From a low
of $52 1/8 on Aug 5, 1999 prices
rallied, reaching a
high of $62.00
on Aug 13, 1999. A
decline saw prices pull back, reaching a
low of
$58 1/2 on Aug 20, 1999.
Another rally saw prices penetrate
resistance, closing 8/30/99
at $64 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 2, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 26, 1999. A P&F upside
reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! APPLE COMPUTER
(AAPL-Nasdaq) @ $65 1/8 Stop: Use a protective stop of $62 1/2.
APPLE COMPUTER is currently trading @ $64 3/4 plus $2 5/8 on Aug 27, 1999. Price Objective:
$74.00. Risk/Reward: $2 5/8 VS. $8 7/8. Today's Risk Reward Ratio: 3:1
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