Apple has broken the 52-week high today, and was already a great play into the Christmas season. I picked up some shares at the 318 level about a week ago, and I have traded apple a decent amount over the last month for small gains, but I think that now with the new high, and the additional buy recommendations such as Goldman Sachs, and the upping of their targets to the $440 level that we will see some decent moves up from here.
Either way, I think AAPL is a great stock into Christmas and into the beginning of January. If you look at their chart historically, you can often see a dip in January.
But there is already so much chatter about an iPad 2 and the iPhone on Verizon, that I think as rumors and news of these continue, we can see an AAPL pop on news too.
There is strong lower support at the 318.69 level on the downside.