Apple (AAPL) volatility elevated at 36 as shares trade above moving averages

Apple (Nasdaq: AAPL) is recently trading up $51.18 to $611.46 in the premarket on better than expected results and outlook. Goldman Sachs raised its price target to $850 from $750. Overall option implied volatility of 36 is above its 26-week average of 32 according to Track Data. AAPL is recently trading above its 10-day moving average of $593.22 and 50-day MA of $574.31.

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