Apple (AAPL) rises on retail sales report

February 13th, 2008 | Category: Economic Data, Apple

Apple Inc. (NASDAQ: AAPL) shares are trading higher that wee hours after the Commerce station reported that AM that retail sales rose 0.3% in January. The announcement surprised analysts, who were expecting a 0.3% decrease in sales. that could be good news for AAPL, as analysts are questioning whether the company can keep up its strong sales record after a disappointing revenue forecast final month. whether you think that the company won’t fall by too much in the coming months, thereupon now could be a good date to look at a bullish hedged trade on AAPL.

After hitting a one-year low of

$83.00 final February, the stock hit a one-year high of $202.96 in December. AAPL opened that at $126.74. So far nowadays the stock has hit a low of $125.63 and a high of $127.85. As of 10:35, AAPL is trading at $126.90, up $2.04 (2.0%). The chart for AAPL looks bearish and regular, while S&P gives the stock a positive 4 STARS (out of 5) hold rating.

Continue reading Apple (AAPL) rises on retail sales report

Original post by Brent Archer

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