Apple’s earnings are due this Tuesday for the tech behemoth. Recently we had a breakout from a cup and handle pattern at 118. If you were following Trading Room then you will recall us being on the AAPL bandwagon at 111 and then selling at 119. I found the weaker than ideal volume on the cup and handle breakout questionable and closed the position accordingly and went with NFLX instead.
AAPL is a Dow Industrials component, so a continuation move on good earnings would be nice to see for the rest of the general market.
All time high: 122.44 Earnings due: 1-31-17
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