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Anton Kharitonov
Anton Kharitonov

Apple shares break above $262 resistance

Apple shares break above $262 resistance
Apple breaks $262; bulls target the $271-$275 zone

​Despite ongoing regulatory risks, particularly in the United States and Russia, Apple shares continue to show positive momentum, rebounding once again from support around $257.00. 

On its latest attempt, the stock managed to break above resistance at $262.00 and climbed to $266.00 by the close of yesterday’s trading session. In today’s premarket trading, the stock is hovering near $268.00.

The break above the mentioned resistance suggests further upside development, with the nearest target seen in the $271.00-$275.00 range. Pullbacks toward $263.00-$262.00 may still be used as buying opportunities. A loss of the latter level would lead to a decline toward $260.00-$258.00, where the stock will likely find demand again.

The long-term outlook remains constructive.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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