Apple (AAPL) shares hit on weak forecast despite strong earnings. However, the fundamentals remain very strong. For example, forward P/E (25) is well below trailing P/E (33) and PEG is less than 1.25.On Jul 23rd, he stock dropped 12% at open but later successfully erased a half of these losses. This intra-day bottoming out as well as enormously high call option activity clearly indicate that large traders bet on the upturn and intend to push the stock higher. The overreaction offers a very good entry point. The AAPL stock looks very attractive below the 165 level.
1 comments:
test
Post a Comment