Apple, Inc. stocks jumped 5.1% on Wednesday. Why? The technology giant published its fiscal second-quarter release. Both analysts and investors seem very pleased with the report, hence the optimistic increase in company stocks. Apple is doing much better than expected in terms of revenue, earnings per share, and guidance.
Revenue and earnings per share increased 16% and 30% year over year to $61.1 billion and $2.73, whereas the iPhone X continued to sell better than any other iPhone model.
Great! What now? The company's future also looks bright, with stable growth expected annually. Apple CEO Tim Cook says, "We're now halfway through our fiscal 2018 with nearly $150 billion in revenues and double-digit growth in all of our geographic segments. We've generated almost $34 billion in earnings in six months, and we're very bullish on Apple's future. We have the best pipeline of products and services we've ever had".
Let's now get more technical and delve deeper into Apple share CFD (#AAPL) price. One of the top professional traders and experts in the field Nenad Kerkez will share his wisdom.
Apple Share CFD Price Overview
Currently, the price is showing signs of uptrend, and possibly the uptrend continuation. The ascending trendline and the positive MACD are adding to the confluence. Bullish projection targets 184.20 if the price manages to stay above 168. Please note that the POC zone is 168.40-170.50, so if the price retraces back in the zone, it will probably be bought again.
Fresh buyers might be waiting, and the price should bounce again.
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Enjoy your weekend and trade safe,
Olga & Nenad
This material does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not reliable indicator for any current or future performance as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks.