APPLE BREAKS OUT OF FUNK AS NEW GALAXY LAUNCHES $AAPL
Apple stock is up $9 and has broken out of the micro resistance at $438 to $440 on a day when the overall market tape is weak. The timing of Apple’s newly found strength may seem funny.
Thursday evening, Samsung launched its new flagship smartphone Galaxy S IV with lots of fanfare at New York‘s Radio City Music Hall. On the surface, one possible conclusion from Apple’s stock movement is that the Galaxy S IV launch is not living up to the hype. Don’t count on that too much.
Certainly there was a lot of hype going into the launch, but Galaxy S IV meets or beats every bit of the hype in terms of what it does versus the iPhone 5. … Please click here or the title below to read more.
March 18, 2013