Monday, February 26, 2018 12:04:56 PM
Shares of Apple Inc (AAPL) are surging again, nearing the all-time high double top from January 2018. Today's surge is coming on the back of comments Warren Buffet made on CNBC, praising the company. To swing traders like myself, it is a perfect shorting opportunity. The double top and all-time high give a perfect resistance level to sell into, and just two weeks ago the stock kissed the $150 level. This means there is a better reward to being short at this point (near-term) versus being long. The pullback target off $180 is $167.
Gareth Soloway
InTheMoneyStocks
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