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Technology Stocks : Apple Inc.

AAPL 269.84

-0.7%

12:49 PM EST

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To: Don Green who wrote (24415)	4/27/1999 7:04:00 PM
From: Don Green	Read Replies (1) of 213177

Fm: today's Murphy/Morris site run by T/A John Murphy APPLE SHINES The recent rebound in personal computer stocks has finally infected Apple Computer (AAPL). Apple broke out of a trading range late last week around its 200 day moving average (on good volume). In today's trading, the stock jumped another 4 points to a three-month high and is nearing its January high at 47. Our longer- range work suggests there's a good chance Apple stock will eventually break through that barrier. If and when that occurs, our next upside target would be the 1995 peak at 50 with a longer-range goal to the 65-70 region. The stock is probably over-extended on a short-term basis. On any pullback, initial support should be seen near 42.

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