When we last checked in with Apple, the firm was testing resistance at $640 after pushing through two more intermediate resistance levels. $640 was a critical level for the stock -- it served as a major stumbling block for shares earlier this year when selling pressure from investors taking gains completely sapped any demand for shares and sent the stock lower. That's why it was such a big deal when Apple closed above $640 for the first time on Friday. That breakout was a buy signal for shares.
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