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Upside Coming: Inverse Head And Shoulders Triggered On AAPL

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May 09, 2012 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading higher today. The technology mega player is trading at $571.12, +2.94 (+0.52%). An inverse head and shoulder pattern has triggered on AAPL and may be telling us of further upside. While a head and shoulder pattern is bearish, an inverse head and shoulder pattern is bullish. Note the chart below. The target on Apple is $584.00 on this pattern. In addition, should Apple run to this target, the market may fully recover from the losses today and move into positive territory.

Gareth Soloway
InTheMoneyStocks.com

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