Why Apple Stock Looks Ready To Break Out In The Weeks Ahead
Apple Inc. shares were trading higher Thursday after the Federal Reserve held its rates constant but raised its inflation expectations for the years 2021-2023.Seven Fed officials expect increases in rates in 2022, and 13 officials expect rate increases in 2023.Apple was up 1.26% at the close Thursday at $131.79.Since September 2020, shares have been forming into what technical traders call an ascending triangle pattern.The stock is trading above both the 50-day moving average , and the 200-day m