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Apple's stock has closed up yet again, the 5th straight trading session in which Apple has closed positive. In addition, Apple topped 48 to close out the week within striking distance of their 5-year high reached in early May. Apple closed at 48 1/8, up 11/16 or 1.45%.
Apple's volume was lower than it has been all week with 3,289,200 shares trading hands. This is well below the current average of 4,833,954 shares that normally trade.
This happened as Adam Lowensteiner delivered an article through Yahoo's investor's guide called "Computers: Why Apple Computer Should be a Core Holding."
Most of Apple's PC Competitors also closed up today with Dell, IBM, Gateway 2000, and Compaq closing up. Hewlett-Packard closed down for the second day in a row. In fact, most tech stocks closed up today.
The Mac Observer Spin: The momentum just keeps building. This is the 3rd boost for Apple's stock to come from analysts in the last 7 days and Apple's stock is certainly reflecting this. Make sure you check out the Apple Stock Watch Special report for more information and other stories on Apple's stock health.
Apple
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