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.
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.