Shares in Apple Inc. danced with $200 per share Tuesday, playing tag with that price throughout the trading day. In early afternoon trading, the stock was trading at $200.02, a gain of $1.79 (+0.90%) on light volume. The gains come amidst renewed rumors of an Apple TV subscription TV service from Apple, as well as a continued tech rally.
Apple's record closing high is $207 per share, set on November 17th, 2009. The $200 level is considered a resistant point, or "psych area," as Briefing.com put it on coverage today.
*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.