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Daily Archives: December 30, 2009

Apple: A Great Company, a Great Chart

December 30, 2009
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Apple: A Great Company, a Great Chart

The Second Most Important Rule for Growth Investors might be to respect strong charts. Case in point, Apple (AAPL), which broke out of a basing pattern today, gapping up to new all-time highs. Now, Apple is far from an undiscovered stock.  With revenues of $37 billion and a market capitalization of $192 billion, it’s a giant, and my preference is for smaller companies with more obvious upside potential in investor perception. Nevertheless, Apple’s chart is sending a strong signal. For the past 10 weeks it’s been building a base at the 200 level, which is where the stock topped...

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