AAPL Closes Above $170

· by · Apple Stock Watch

Appleis stock has been hovering around the US$170 mark, but has generally been unable to sustain a strong close above $170. On Wednesday, AAPL closed at $172.75 on a volume of 39.9 million shares.

The high for Wednesday was $173.04.

On Monday Lehman Brothers raised their target price for AAPL to $190.00. On Monday, October 22, Apple will host its 4th quarter earnings report when, according to Lehman Brothers, Apple should report very strong iPhone sales due to the September 5th price cut.

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In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.

John Martellaro

John Martellaro

John Martellaro was born at an early age and began writing about computers soon after that. He is a former U.S. Air Force officer and has worked for NASA, White Sands Missile Range, Lockheed Martin Astronautics, the Oak Ridge National Laboratory and Apple. At Apple he worked as a Senior Marketing Manager, a Federal Account Executive and a High Performance Computing manager. His interests include skiing, chess, science fiction and astronomy. You can follow John on Twitter at twitter.com/jmartellaro.

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