Why Isn't Apple Hitting New Highs After a Record Quarter?

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Why Isn't Apple Hitting New Highs After a Record Quarter?

TheStreet2021-04-30

Apple is trading close to flat despite a freakishly good earnings report. Let's look at the key it must clear on the chart. Apple just reported a blowout quarter and the stock was flat on Thursday. ...

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chinlee
·2021-04-30
yep let’s buy now !
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- Lunchenmeat:
  Yes
  2021-04-30
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jo88
·2021-04-30
Like and comment
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1
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- WoodFIRE:
  ok
  2021-04-30
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Zwei2
·2021-04-30
Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?
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- Zwei2:
  yes. for long term investment.
  2021-04-30
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- JoeK:
  probably now is good time to buy
  2021-04-30
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Darrenneoyo
·2021-04-30
Ya why man?
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athyojin
·2021-04-30
Hmm
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albert77
·2021-04-30
Go go Apple
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BAZINGANUTTY
·2021-04-30
Good time to buy
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- bzlim:
  Buy now and when it finally breaks the trend, it will be a monster.
  2021-04-30
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- WayneLee:
  ?
  2021-04-30
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- Estada:
  Agree
  2021-04-30
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Let's look at the key it must clear on the chart.\nApple just reported a blowout quarter and the stock was flat on Thursday. ...</p>\n\n<a href=\"https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/investing/apple-aapl-stock-record-earnings-trading-042921","article_id":"1197104267","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197104267","pubTimestamp":1619745077,"sourceInfo":null,"weMediaInfo":null,"summary":"Apple is trading close to flat despite a freakishly good earnings report. 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Revenue of $89.6 billion blew by estimates by more than $12.3 billion.\nThe top- and bottom-line results even smashed the highest expectations on Wall Street. Each category did quite well too, while Apple tacked on $90 billion to its buyback program.\nFacebookand Qualcommwere also enjoying some nice post-earnings gains on the day, so it’s not as if Apple doesn’t have tailwinds working in its favor.\nWhat’s going on with the stock?\nTrading Apple\nDaily chart of Apple stock.\nI could understand Thursday’s lackluster reaction if Apple had rallied hard into the print. But that’s not the case. Let’s not forget that the stock has been consolidating now for eight months.\nApple topped out near $138 in early September as the stock was splitting and has been consolidating since.\nOn the plus side, the trend has been higher as there is a series of higher lows. On the downside though, it hasn’t been able to crack the $138 level, save for a few sessions in January ahead of earnings.\nNotably, the company also crushed earnings expectations last quarter, but saw its breakout fail as Apple stock dipped back below $138.\nDespite an even better report this time, we’re still seeing a lousy response.\nWhile Apple is holding the 10-day moving average, it’s hard to be overly bullish on the technicals (despite overwhelmingly bullish fundamentals) until the stock clears $138.\nIf it can clear $138, then the all-time high near $145 is in play. Above that and $150-plus is on the table, including the 161.8% extension near $160.\nIf it can't take out resistance, I expect the downside to be relatively muted. At least in the short term. The largest pullback one might expect is down to the 200-day moving average and uptrend support (blue line). 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Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","listText":"Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","text":"Not only apple. Alot companies with crazy earnings are not seeing huge changes in prices. Good time buy. What do you think?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103304284","repostId":1197104267,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4178655,"gmtCreate":1619749712466,"gmtModify":1680786299749,"authorId":3580356429010047,"author":{"id":3580356429010047,"authorId":3580356429010047,"name":"Zwei2","avatar":"https://static.tigerbbs.com/9d0132a4cde9155d859c3873325d194e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103304284,"type":1,"supId":4177999,"prevId":0,"content":"yes. for long term investment.","text":"yes. for long term investment.","html":"yes. for long term investment."},{"id":4177999,"gmtCreate":1619746208761,"gmtModify":1680786286187,"authorId":3575261937306050,"author":{"id":3575261937306050,"authorId":3575261937306050,"name":"JoeK","avatar":"https://static.tigerbbs.com/162445e8b6a553bd412b8a06e3f44c9e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103304284,"type":1,"supId":0,"prevId":0,"content":"probably now is good time to buy","text":"probably now is good time to buy","html":"probably now is good time to buy"}],"langContent":"EN"},{"id":103309818,"gmtCreate":1619745821034,"gmtModify":1704271734715,"author":{"id":"3572866150582582","authorId":"3572866150582582","authorIdStr":"3572866150582582","name":"Darrenneoyo","avatar":"https://static.tigerbbs.com/19498d498955308da03ff537c16af7b0","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3572866150582582"},"htmlText":"Ya why man?","listText":"Ya why man?","text":"Ya why man?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103309818","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103970087,"gmtCreate":1619745321049,"gmtModify":1704271718681,"author":{"id":"3582667142583704","authorId":"3582667142583704","authorIdStr":"3582667142583704","name":"athyojin","avatar":"https://static.tigerbbs.com/bee2e29bec90259d5e640e14254e3e58","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582667142583704"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103970087","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103947443,"gmtCreate":1619745315082,"gmtModify":1704271718516,"author":{"id":"3575421087208890","authorId":"3575421087208890","authorIdStr":"3575421087208890","name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575421087208890"},"htmlText":"Go go Apple","listText":"Go go Apple","text":"Go go Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103947443","repostId":1197104267,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103947099,"gmtCreate":1619745286711,"gmtModify":1704271717699,"author":{"id":"3571134201985609","authorId":"3571134201985609","authorIdStr":"3571134201985609","name":"BAZINGANUTTY","avatar":"https://static.tigerbbs.com/ef49f97150430e44116323fa693da9a6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571134201985609"},"htmlText":"Good time to buy","listText":"Good time to buy","text":"Good time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/103947099","repostId":1197104267,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4177839,"gmtCreate":1619745624745,"gmtModify":1680786291068,"authorId":3572436349218639,"author":{"id":3572436349218639,"authorId":3572436349218639,"name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103947099,"type":1,"supId":0,"prevId":0,"content":"Buy now and when it finally breaks the trend, it will be a monster.","text":"Buy now and when it finally breaks the trend, it will be a monster.","html":"Buy now and when it finally breaks the trend, it will be a monster."},{"id":4177978,"gmtCreate":1619746106098,"gmtModify":1680786290962,"authorId":3576105353976896,"author":{"id":3576105353976896,"authorId":3576105353976896,"name":"WayneLee","avatar":"https://community-static.tradeup.com/news/785daacee256a2b4978a5d50fbe3727b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103947099,"type":1,"supId":4177839,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4177822,"gmtCreate":1619745540719,"gmtModify":1680786289122,"authorId":3569638094156050,"author":{"id":3569638094156050,"authorId":3569638094156050,"name":"Estada","avatar":"https://static.tigerbbs.com/035b646e17ea259fd1e75b59654ef1ff","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":103947099,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":24,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}