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Monday, October 31, 2011

Apple (AAPL) stock predictions november 2011

Apple (AAPL) stock predictions november 2011 : Many look at Apple's (Nasdaq: AAPL ) $400 stock price and $375 billion market cap and wonder how much bigger the company can get. But the more important question is what's driving Apple's growth now -- and what will drive it in the future. I see big things ahead for Apple's products, its international sales, and its role in business. Once you look at these catalysts, you see that Apple is worth much more than what its shares are trading for today. Let's dig in.

Long runways for growth
Apple's three most important products -- the iPhone, the iPad, and Mac computers -- all have tremendous growth potential.

Even in the face of increased competition from Google (Nasdaq: GOOG ) and Microsoft (Nasdaq: MSFT ) , iPhone sales surged 81% in Apple's 2011 fiscal year. And there's much more growth to come; IDC expects the overall smartphone market to double by 2015.

Apple (AAPL): For the most part, Apple has underperformed the NASDAQ for most of the last two months. Since it is the largest tech stock out there and carries a lot of weight in many ETFs and indexes, Apple will need to start moving again if the NASDAQ wants to continue higher. Since the October 4th lows, Apple is up 14.3%. A nice gain, but it has trailed the index, which is up 19.1%. Now you can contribute Apple's recent weakness to its earnings report. It did miss expectations, as iPhones did not sell last quarter in anticipation of the new one.

Apple is likely to make up for the lost numbers in this quarter. I would expect as the quarter goes on, analysts will raise their estimates, and this stock will continue to go higher. It's struggled in the $420s a couple of times now. I'm not calling a double top here at all, but Apple is spinning the tires now and needs a swift kick.

Analysts have spotted a possible bullish engulfing pattern in Apple (NASDAQ:AAPL) based on the price action in the company's shares. Thus far today, Apple has traded 10.1 million shares, vs. average volume of 23.2 million shares per day. The company traded 11.7 million shares yesterday. Heavy volume increases the reliability of this bullish candlestick pattern.

Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

Apple share prices have moved between a 52-week high of $426.70 and a 52-week low of $297.76 and are now trading 37% above that low price at $406.90 per share. The 200-day and 50-day moving averages have moved 0.42% higher and 0.65% higher over the past week, respectively.

Potential upside of 25.8% exists for Apple, based on a current level of $406.90 and analysts' average consensus price target of $512.05. The stock should find initial support at its 50-day moving average (MA) of $391.27 and further support at its 200-day MA of $359.73. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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