Long Position on AAPL @ $110.00 on 9/18/2020 (Momentum)

Apple Inc. (AAPL) designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

It also sells various related services.

The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others.

In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. 

Shares last closed at their 50-day moving average. The average is acting as the lower boundary of an upward trading channel. Shares are currently are sitting the lower boundary of the said channel. Higher share prices are expected for the stock.

Entry Point: $110.00

Stop Loss: $105.00

Trading Range: $53.15 - $137.98

Target Price: $121.00

Updates

9/30/2020 12:21:05 PM

AAPL closed at $117.00

Position closed on 9/30/2020 at price of $117.00 with a 6.36% gain in 12 days.

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