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March 13, 2023
After closing the previous trading day at $148.5, Apple is up to $150.69, which makes for a move of 1.47%/$2.19 today.
At the same time, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Apple broke through the $150.42 resistance and climbed above it 27 cents; next resistance level is at $152.35. Apple made an initial breakout above its 21 day Simple Moving Average at $150.43, a potential indicator of a newly emerging bullish phase.
Overall, looking at the technical analysis landscape, it seems Apple might continue pointing upwards in the short term.
This rally in Apple's share price coincides with other technology stocks as IBM is up 1.13%. Microsoft is trading at $251.08 after ending Friday's session at $248.59 (up 1%).
At the same time, AMD is down to $80.43, losing 2.71%, after ending Friday at $82.67.
Furthermore, the market is looking at United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
The mobile and tech colossus is up 18.78% from the significant low of $125 it hit 2 months ago.
