Is Apple, Inc. (AAPL) Bound to Retrace Recent Gains?
Apple’s stock has had an impressive run that reflects its incredible turnaround in the company over the past several years. Its innovative products and talented marketing efforts have taken AAPL from under $15 a share in 2004 to $140 today, but the stock did not get to $140 a share without pull backs. The most significant pull back happened last year when AAPL peaked in January at $86.40, and then had a 42% pullback to $50.16 in July. Many traders who currently hold the stock have already made quick gains and may be considering taking profits as AAPL nears its…
