I copied and pasted this explanation.
Long-term crossovers carry more weight than short-term events. The Golden Cross represents a major shift from the bears to the bulls. It triggers when the 50-day average breaks above the 200-day average. Conversely, the Death Cross restores bear power when the 50-day falls back beneath the 200-day. The 200-day average becomes major resistance after the 50-day average drops below it, and major support after breaking above it. When price gets trapped between the 50-day and 200-day averages, it can whipsaw repeatedly between their price extremes. This pinball action marks a zone of opportunity for swing trades.
Chris Caso from Susquehanna pointed to exceptional sales of Macs in the third quarter as proof. The company shipped 5.5 million Macs in the September quarter, which surpassed Susquehanna’s estimate of 4.3 million and consensus of 4.9 million.
“In total, we think it’s going to become increasingly difficult for competitors to break the market dominance that Apple is now achieving,” said Caso.
A bullish Brian White at Cantor Fitzgerald lifted his 12-month price target on Apple to $143 from $123.
“With Apple trading at just 10.3 times our calendar-year:15 earnings-per-share estimate (ex-cash), we believe the market needs to start thinking more boldly about Apple and appreciate the company’s opportunity to reinvent new product categories for years to come,” he said in a note.
Apple’s price target was lifted to $115 from $110 by Morgan Stanley analyst Katy Huberty and her team, who also say the iPhone cycle should be stronger for longer.
As well, only half of the 250 million iPhone 4s and older devices still in use are expected to be upgraded this year, which means “considerable pent-up demand” could be seen in 2016, she said. And if Apple Pay or Apple Watch gain traction, the potential for iPhone upgrades could be even greater.
“We see potential for additional multiple expansion if Apple proves it can sustain double-digit EPS growth into fiscal year 2016,” she said.
He is in the process of being de-wooled as we speak. I hope he has enough cash left to a least buy a hoodie before Winter sets in.
Barclays is out with a report this morning raising Apple price target to $120 from $116 and estimates following the company’s solid Q4 report. The firm cited Cupertino’s iPhone 6 cycle as a driving force revenue-wise over the next several quarters before new products become growth drivers. Separately, Apple’s price target was also raised to $115 from $110, and to $143 from $123 at Mizuho and Cantor, respectively.
Apple shares are currently priced at 16.09x this year’s forecasted earnings compared to the industry’s 24.96x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.18 and 12.18, respectively. Price/Sales for the same period is 3.28 while EPS is $6.20. Currently there are 33 analysts that rate AAPL a ‘Buy’, while 10 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. AAPL has a median Wall Street price target of $110.00 with a high target of $135.00.
They reported yesterday evening and crushed Mr Groundhog which means 3 more months of solid gains for Apple longs. Now go back in your hole and check back next January.
Being a bit presumptuous aren't we. The market hasn't priced in the good news just yet. After hours isn't the true test the real market opens at 9:30am tomorrow. BTW your made up 10% means nothing.
Just go away, you're embarrassing yourselves. Just admit you picked the wrong company to beat up and it's time to cry uncle, no mas or whatever other language you speak in and move on. Try to use a little bit of your brain and understand you are in a no win situation. It's never too late to admit a mistake. Go long and repent while you can. Congrats to the longs and rest assured $200 is the next goal.
Your logic is quite confusing. If you were inclined to sell half of your position it wouldn't matter if you had 700 shares at $100 per share or 100 shares at $700 per share. They both equal $70 grand and half of $70 grand is $35 grand anyway you slice it.