A look at Apple Inc. in the Post-Icahn Tweet Period (NASDAQ:AAPL)Apple Inc. ($AAPL) averages are at $446.86 (21 day SMA), $431.38 (50 day SMA), $464.16 (200 day SMA). Over the past 52 weeks AAPL has traded from a low of $385.10 to a high of $705.07. AAPL was last at $499.78 on a volume of 21,236,700. Average daily volume has been at 11,688,893.
Yesterday, Carl Icahn tweeted that he had a big position in AAPL and that he had a nice conversation with Tim Cook (CEO of AAPL). The stock blasted off almost immediately. This morning, the stock ran through $500 and is currently holding above that level. Technical traders will want to keep an eye on this $500 level. Another level to watch is $470. This is the current level of the 200-day moving average. Any pullback below $500 could fall back and test the 200-day moving average.
Apple Inc designs, manufactures, and markets personal computers, mobile communication devices, media devices and portable digital music and video players and sells a variety of related software, services, peripherals, and networking solutions.