Apple climbs 0.58% after trading as low as $152.95

Despite closing yesterday at $152.87 and then climbing as high as $154.53 today, Apple has given up a sizeable portion of its gains to now trade at $153.76.

Nevertheless, Initial Jobless Claims in United States fell short of market expectations (195,000) with a reading of 211,000, continuing the decline from the previous figure of 190,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.

Meanwhile, United States JOLTs Job Openings (Jan) came out at 10.82 million, while a consensus of analysts was expecting 10.5 million.

Apple could be slowing down soon as it approaches resistance at $154.36. Of course, crossing it might suggest further gains are ahead. Bollinger Band® analysis indicates that current price action is approaching the upper band at $156.54, thereby suggesting that Apple is becoming overvalued.

Apple is likely to reverse course and start pointing downward in the short term.

A look at other technology stocks also shows bullish price action as Intel is up 2.5%. Microsoft is trading at $257.55 after ending yesterday's session at $253.7 (up 1.52%).

At the same time, TSM is down to $89.82, losing 1.11%, after ending yesterday at $90.83.

Furthermore, the market is looking at tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 205,000 from the preceding figure of 517,000.

Also worthy of note, United States Unemployment Rate figure is projected at 3.4. It previously stood at 3.4; data will be released tomorrow at 13:30 UTC.

The sleek smartphone manufacturer is now trading 22.28% above the significant low ($125) it slumped to 2 months ago.