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Long AAPL at $348.73

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May 03, 2011 – Comments (0) | RELATED TICKERS: AAPL

The selling that we have seen in this market so far is not at all worrisome, in fact it is more welcomed then anything, allowing for stocks to get a breather and provide an opportunity to get in stocks a little cheaper than previously.

My one and only trade so far this morning, Apple (AAPL) has a solid chart pattern, with a bull flag that is breaking out of the descending channel it has been trading in since late February. I got in at $348.73 with a stop at $343.95.

Here's my Chart Analysis on AAPL.       

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