Apple (AAPL) Nears Key Activity Level; Shares Continue Trading at Four-Month Highs on Sentiment

August 9, 2012 11:54 AM EDT
Apple (Nasdaq: AAPL) is shaping up to break out should it push just a little higher.

The consumer electronics giant is pushing slightly above the $620 level Thursday, an area it hasn't traded near since April when it hit record highs of $641.25.

Bolstering the move today are nonfarm numbers, which showed an unexpected 6,000 drop to 361,000 last week.

Traders might pay attention to the $625 level, a potential activity point for Apple over the short term. Shares brushed but didn't break $625 on Tuesday.

Apple is currently above 20-, 50-, 100-, and 200-day moving averages. Notably, volume is a little light today.

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