Apple Inc. (NASDAQ:AAPL) stock endures consolidation as it has been unable to set a new higher high post-gap recovery
Apple Inc. (NASDAQ:AAPL) stock is enduring a stint of consolidation as shares have been unable to progress much further beyond the recent gap recovery (March 15th gap recovered last Friday.) Normal market trading opened high for AAPL this Monday, but shares were unable to exceed the $356.48 price level in order to set a new higher high. AAPL dipped below the 50 SMA during early trading today, yet AAPL recovered and has been relegated to trend sideways for the majority of intraday trading.
Apple Inc. (AAPL) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players. The company also sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market value of $321,737,915,940 at the time of writing, with 921,278,000 shares outstanding.