Apple Inc. (NASDAQ:AAPL): Good news for Apple's bulls...the stock just broke out

 


Apple stock took off and broke above the trendline resistance near $164.44 on Friday. This could be in part due to a delayed response to the launch of Apple's Pay Later service in partnership with Mastercard earlier last week. Analysts expect the new service to capture a sizeable chunk of the Buy Now Pay Later, or BNPL, market, currently dominated by PayPal, Cash App and Affirm.

Technically, the stock has regained its momentum since early March and may be heading up to retest the $175-$180 levels.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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