A Test For Apple (AAPL)

Technology stocks have had a nice run lately but is it about to end?  One of my holdings is Apple, Inc. (AAPL) which I’ve written about lately.  They’ve had the Steve Jobs drama and then the excellent quarterly report with record sales & profits.  But, looking at it technically brings up the question, is this the time to buy?  I’d say wait for a breakout.  You can see below that it has been making lower highs since October and is right now at the top of the channel.  I would expect a breakout and a pullback.  That would be a safe entry point.  RIMM & AAPL both look good but I’d wait on both of them, especially Apple.

 

Apple, Inc. (AAPL)

 

This post published at www.karleggerss.com

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