Apple levels up 0.48% in Friday's session; traders eye opening bell in a day time

Friday at a glance: the mobile and tech colossus went up to $180.95, gaining 0.48%.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. Apple's upper Bollinger Band® is at $180.69, this is a slight indication of a slowdown. Apple could be slowing down soon as it approaches resistance at $182.07. Of course, crossing it might suggest further gains are ahead.

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 IBM added 2% to its value, and traded at $132.42. Accenture plc Class A (Ireland) traded at $311.39 after closing Friday's trading day at $305.2 (up 2.03%). Adobe gained 2.25%, as it traded at $436.37.

Elsewhere, United States Services PMI is expected tomorrow at 13:45 UTC. United States ISM Non-Manufacturing PMI (May) scheduled to come out tomorrow at 14:00 UTC.

The stock has been trending positively for about 2 months. 2 days ago the mobile and tech colossus reached a significant high of $180.95 but has consequently lost 0.48% since then.