AAPL Shares Go for New Highs – July 25, 2014

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AAPL Shares Go for New Highs - July 25, 2014

AAPL Shares Go for New Highs - July 25, 2014

After days of pulling back, AAPL shares seem to have resumed their climb and are already on their way to making new highs. Rumors surrounding the new software and iPhone6 launch have lifted prices higher, as risk aversion also appears to have faded from the financial markets.

Recall that equities slumped towards the end of last week and earlier this week, as tension in Gaza and in the Ukraine-Russia border have weighed on risk taking. This forced AAPL shares to retreat from the $97.00/share levels back to a low of $92.50/share in the past few days.

However, it appears that markets are shifting their attention back to fundamentals and company-related news these days, as AAPL shares are on their way to establish new highs after the latest 6-for-1 stock split announced by the company earlier this year.

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AAPL Shares Outlook

With that, many are speculating that AAPL shares could soon reach the $100/share mark in the next few months or weeks. Just recently, the company struck a deal with Visa in order to integrate mobile payments in their operating software for mobile phones.

News sources report that the Apple¬†system “would involve a so-called secured element” in its phones, likely the “Secure Enclave” included in the iPhone 5s that stores and protects Touch ID fingerprint data so that it’s only accessible on the phone itself and cannot be reverse engineered, transmitted, or retrieved over the internet in any form.

However, any disappointment surrounding these innovations might lead to a correction for stock prices, with the 50 and 200 simple moving averages acting as potential support for any retracements. At the moment, the 50 SMA is at the $91.85/share area while the 200 SMA is moving around $80/share. Another potential area of interest for any downside moves is at the $90/share psychological level.

To contact the reporter of the story: Jonathan Millet at john@forexminute.com

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Jonathan Millet is currently the proud CEO of ForexMinute.com, the brand new financial news portal which is making waves among Forex traders around the globe for the innumerable Forex resources it offers. He also holds the position of Binary Options Consultant at ForexMinute.com. Before ForexMinute.com was around, Jonathan was a successful Forex dealer and chief market analyst at Forexyard. He has also worked as a Forex trader. His other specialties include advising financial companies of how to stay head of the competition.