Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 272.55

-0.1%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Yiota who wrote (7951)	1/24/1998 10:41:00 AM
From: Phillip C. Lee	Read Replies (1) of 213173

Giota, There is one point probably worth mentioning. After looking into the 12-month graph/price list, I found the barrier about price is at $19.75, which was the closing price on 11/7/97 with a rather heavy volume of 7.1M, another peak around that price area is on 4/7/97 with price of $19.5. Both established a peak. From technical point of view, some software used by institutions has set $19.5 and $19.75 as the "stop" buy signals unless significant momentum (what size will break out their thresholds, I don't know) is built up at or near that price. We had at least four attempts in the last five sessions to break the pattern, but retreated back. At least, $19.5 price barrier has been broken. Can it break $19.75 barrier next week remains to be seen. Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next