Apple's Rally Is The Child Of A Deluded Wall Street
by Juggler
Apple (AAPL) has quietly recouped $70 from its April 19th lows, mainly on the wake of its major announcements, which include the biggest stock-buyback authorization in history. But is this move sustainable? Is the company really in better shape now than before the earnings announcement? In this article I'm going to analyze how much the announced buyback can influence the stock, take a look at the technicals and try to assess where the share can go from these levels. read more »
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