Courtesy of Benzinga.
Apple Inc. (NASDAQ: AAPL) shares are trading higher by $1.70 at $118.99 in Thursday’s session. It is trading higher for the third day in a row and the fourth time in the last five sessions (rallying from last Friday’s close of $112.34 to its current level). Most of the gains were accrued on Wednesday, when the issue was added to the Conviction Buy List at Goldman Sachs.
Off the opening bell, it bottomed at $116.75 and began to move higher. It has continued to make new highs and is now approaching the $119 level. There is a void in price action up to $120.05, when the issue fell from that level on November 9 following a lowered price target from Credit Suisse.
Joel Elconin is the co-host of Benzinga’s #PreMarket Prep, a daily trading idea radio show.
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