Apple gains 0.55% within $162.03 to $164.96 daily range

The US stock market is closed for the Good Friday holiday and resumes Monday. Meanwhile, here is a recap of Thursday: Apple ended Wednesday at $163.76. Thursday it went up to $164.96 only to drop back, yet still managed to close at $164.66.

Apple's uptick comes amid good United States macroeconomic data released during the day — United States Unemployment Rate beat the 3.6 projections, with 3.5.

Apple's uptick comes amid disappointing United States macroeconomic data released during the session – United States Non Farm Payrolls published yesterday at 12:30 UTC came out at 236,000, falling short of the 239,000 projections and continuing its decline from the previous 326,000 figure.

At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

Apple could be slowing down soon; it is getting close to the resistance line and is now at $165.75, only $1.09 away. Crossing the resistance line could, however, suggest that further gains are ahead. Apple's upper Bollinger Band® is at $168.53, this is a slight indication of a slowdown. Despite this, Apple made an initial breakout above its 5 day Simple Moving Average at $164.56, a potential indicator of a newly emerging bullish phase.

Technical analysis of Apple price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

This rally in Apple's share price coincided with other technology stocks as Microsoft gained 2.55%, as it traded at $291.6. Intuit traded at $446.76 after closing Thursday's trading day at $438.37 (up 1.91%).

While Apple was bullish Thursday, the following technology stocks underperformed: IBM closed at $130.5 (down 1.24%).

The stock has been trending positively for about a month. The sleek smartphone manufacturer is up 31% from the significant low of $125 it hit 3 months ago.