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Apple Shares Close At An All Time High

Apple Shares Close Up Well Over $100 03k

Apple shares closed Tuesday at a high of $106.74, following the market’s digesting of recent earnings reports


Apple shares have only appreciated 6.7 percent over the past two years since reaching a high point in September 2012, despite a series of record quarters, double digit revenue growth driven by iPhone and Mac sales and content and services sold through iTunes, iCloud and the App Store.

 

Apple shares closed up at an all time high of $106.74 on Tuesday

Apple shares closed up at an all time high of $106.74 on Tuesday

 

Stock blogger’s have already voiced concerns that Apple’s stock might be too high after recent gains. Back in May, CNBC similarly “reported” concerns passed on by Jim Cramer of The Street.

Cramer suggested investors pay heed to “Fibonacci analyst” Carolyn Boroden, who had performed a numerology chart reading and determined that Apple was in retrograde while IBM was ascendant.


 

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