Apple – Model Price Update – Next area of Resistance is $600.
February 15, 2012
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Let’s have a look at the chart of Apple (AAPL). The stock price is now running and looks like AAPL wants to go to the next structural (fundamental) line which is EBV+6 which is $600.
Apple with weekly price bars, EBV Lines (colored lines) and model price (dashed line)
For those interested, a daily updated chart of AAPL subsequent to this post will be maintained on Facebook, here.
If Europe blows up, financially speaking, look for support at model price, which is currently $474. Or if a 2008 financial crises, look for support at EBV+5 or $377.
What is interesting is looking at February 2013, one year away. Once we add consensus earnings to Apple’s balance sheet, EBV+6 one year from now would be $845. Model price would be 518, and EBV+5 would be $531.98.
Keep in mind my blog, “Apple – Four Actions Management Can Do To Double Their Stock Price (Without Breaking a Sweat)! If management consider these options, model price would increase substantially. Interestingly there seems to be consistent chatter on the net about some sort of dividend being paid, which would be one of our four actions. We will see.