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Apple has had a rough 10 months, as its down $250 from its highs in September of 2012.
Premium Members bought Apple earlier this month because the Power of the Pattern suggested a double bottom and a bullish falling wedge were in place.
In less than a month Apple is up over $50 per share (12%) off its double bottom and our buy price. The 23% Fibonacci resistance zone has been a key resistance price level several times over the past 6 months.
Apple’s gain this month is only 3% less than the S&P 500’s gain for the year!
Premium Members remain long with a fairly tight trailing stop as Apple nears this key resistance zone. If Apple punches through this resistance it would be a BIG POSITIVE for one of the largest companies in the world!