Apple (NASDAQ: AAPL) hit a new 52-Week high of $422.86 so far today. Currently the stock is up $9.97 (2.42%) to $421.60 on 15,815,199 shares traded. Today’s high is up $146.60 from a 52-Week Low of $275.00. Apple stock has been showing support around $388.66 and resistance in the $424.72 range. Technical indicators for the stock are bullish and S&P; gives AAPL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AAPL the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 360 range. [ABR-Seven Summits Strategic Investments NewsBite]
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