It’s arguably the world’s most important stock. Active investors and traders looking to buy it may find this an attractive spot.
It’s a strong stock in a strong and outperforming sector. It’s entirely possible to see another leg higher from here soon.
Over the past few weeks has dropped about 20% and it could see a year-end rally.
It’s exhibiting both absolute and relative strength here.
Technically, its littered with bullish reversal signals.
It could be a catch-up play.
Over the past couple of months it’s managed to claw back higher and is now coliling up and showing bullish signs.
It’s arrived at a crossroad on its chart and is now offering a bullish opportunity.
Following an explosive rally after a July earnings report, the stock has since been stuck in a consolidation period that now looks increasingly likely to resolve to the upside.
Yesterday after hours, shares got clobbered more than 20% following the company’s latest earnings report. Here are two specific ways I am looking to capitalize.