Apple Computer Inc.’s stock NASDAQ:AAPL is up again on Monday. AAPL had a great run up before and after its current earning release. The problem? Apple has been here before. The stock has been seemingly running in circles for a few months. For a stock that looked like it was going straight up for years, this volatility is somewhat new. While APPL is still, and rightfully so, rated a buy… some indicators do not look appealing. 20 – 50 Day MACD Oscillator is actually saying sell.
As you can see above the point of support vs the point of resistance is far apart. Normally within a few dollars, this just proves that investors are not so sure on APPL as they once were. Once considered a “buy as many as you can,” stock for at home investors; this volatility will sure make a few question if their money is better someplace else. Institutions are less likely to abandon AAPL so quickly. Whether or not the volatility is tied to Steve Jobs’ health is uncertain.
Investors would be dumb to question Apple’s current state and immediate product pipeline. The real question seems to be what will Apple do next. Will they be able innovate and continue to expand their current product base. The iPhone is here to stay, even with Android growing, the iPhone isn’t about to die… but expand. The iPad while a hot seller, the jury is still out whether or not it will be a fad or not. The iPod was once Apple’s core product, but with smartphones the way they are, there really is no point to an mp3 player. Apple has shown it beat the curve, with the iPhone. The Jury is out, but if the past few years were any indication… something big will come.