Apple Closes Above 50-day SMA

Posted on March 22, 2013 by macromon

Nice action is Apple today.  After breaking above its 50-day at around $459 it closed very strong.  Looks good on a technical basis.

This should get the traders all lathered up.  One of our faves into earnings.

By the way,  Apple’s increase (i.e., change) in cash on its balance sheet in calendar 2012 was over 170% of Cyprus’ GDP.   That is,  $39.5 billion vs $23 billion.  Stunning.

Mar22_AAPL_1

(click here if chart is not observable)

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