“Apple (AAPL) is appealing at current prices. Last trading at $169.67, it’s back to strong support, where it typically bounces back. Helping, Wedbush analyst Dan Ives has an outperform rating on the stock, with a price target of $250,” we noted on April 10.
At the time, Apple traded at around $168. Today, it’s up to $176.55. From here, if it can break above resistance at $178.67, it could retest $182.
All thanks to news of a potential artificial intelligence Mac revamp. CEO Tim Cook recently told investors to expect an AI announcement later this year. Many believe the company could unveil that at the June Worldwide Developers Conference in June.
Sincerely.
Ian Cooper
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