| WoooooHooooooo!!! Apple sailed by its 52 week high of 47 5/16 to close at 49 9/16, up 3 9/16 or 7.74%. In fact, that is a high that goes back to June 7th of 1993 when Apple's stock closed at 50 3/4! The closest Apple has come in between that time was on June 21st, 1995 when Apple closed at 49 3/8.
This followed the general market trend as Compaq, IBM, Dell, Gateway 2000, and Hewlett-Packard all went up, though Apple certainly led in terms of points and percentages.
Overall, however, the technology heavy NASDAQ actually went down -7.27 (-0.29%) to 2535.58 while the NYSE was up a whopping 225.65 (2.09%) to close at 11014.69.
The Mac Observer Spin: Wow! A 6-year high. Apple is poised to close above 50 for the first time in 6 years though it possible that renewed profit taking could see Apple fall tomorrow. This would be especially true for those who have held on to Apple's stock when it was last trading in the mid-40's last year. Remember that Apple has climbed a little over 300% since Steve Jobs took over the company in 1997.
It is also possible that Apple will either resume its climb tomorrow or, at the latest, after another day of profit taking.
Pretty cool to see Apple leading the pack in gains for the last 2 weeks. In fact, Apple has gained an incredible 44.2% since we began The Apple Stock Watch on April 22nd (Apple closed at 34 3/8 on April 21st). Wall Street is really waking up!
Congratulations to Mr. Jobs and the entire Apple Team!
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