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iPhone Hype Pushes Apple to All-time Highs

Investors have bid up shares of Apple (AAPL) in anticipation of a successful launch of the iPhone. The stock is trading at all-time highs, but the steep upside chart pattern suggests that the rate of the upward move cannot be sustained. Watch for a price correction.


Related Articles:

Anatomy of a Bubble Top
Price Patterns - A Bubble Top Is an Extreme Pattern


Posted June 22, 2007.

 


 


 

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