Apple's Three-Act Play: Dissecting The Dynamics Of The Tech Powerhouse's Rise, Fall, And Forthcoming Third Triumph To $3 Trillion Market Value
Portfolio Pulse from Zaheer Anwari
Apple Inc. (AAPL) reached a $3 trillion market valuation again on June 30th, closing at $193.97 per share, surpassing the required stock price of $190.73. The company's stock price has grown by over 45% this year, indicating a strong financial year ahead. However, the stock price is currently undergoing a pullback towards the 20 SMA at $186.93. The company's next major milestone is hindered by the $200 round number, which holds immense psychological significance.
July 10, 2023 | 3:44 pm
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Apple's stock price has grown by over 45% this year, indicating a strong financial year ahead. However, the stock price is currently undergoing a pullback towards the 20 SMA at $186.93. The company's next major milestone is hindered by the $200 round number.
Apple's stock price has shown significant growth this year, which is a positive sign for investors. However, the current pullback towards the 20 SMA could indicate a potential short-term decrease in the stock price. The $200 round number is a significant psychological barrier that could impact the stock's ability to maintain its current momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100