Apple (AAPL) Bottom In, Could Reach $600 'In Weeks' - Demark
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Price: $167.04 --0%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
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Is the Apple (Nasdaq: AAPL) bottom in? "Yes", according to Market Studies Tom DeMark.
On CNBC's Fast Money Tuesday evening, DeMark said the bottom for Apple was in fact in. So far he is right on the money, with share up 3.5% early Wednesday.
In what should be music to Apple investors ears, the technical analyst sees the stock surging 20% - not in years or months, but "weeks".
According to DeMark, "We wouldn't be surprised tomorrow to see Apple gap up above $494, $495 despite trading lower in the aftermarket today, and it will just move forward from there and be strong for the next couple of weeks and reach $600."
Importantly, DeMark turned bearish on Apple shares on Sept. 21st, near the top.
On CNBC's Fast Money Tuesday evening, DeMark said the bottom for Apple was in fact in. So far he is right on the money, with share up 3.5% early Wednesday.
In what should be music to Apple investors ears, the technical analyst sees the stock surging 20% - not in years or months, but "weeks".
According to DeMark, "We wouldn't be surprised tomorrow to see Apple gap up above $494, $495 despite trading lower in the aftermarket today, and it will just move forward from there and be strong for the next couple of weeks and reach $600."
Importantly, DeMark turned bearish on Apple shares on Sept. 21st, near the top.
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