Apple (AAPL) ($542.83 vs. $584.62 on Nov. 6): Still has a buy rating, is 13.2% undervalued and has a forward P/E of 10.3. The stock is way above its 1999/2000 bubble high, but is below its 200-day SMA at $594.16. The weekly chart profile is negative with the five-week MMA at $595.88 with the 200-week SMA at $332.67. My weekly value level is $538.56 with my quarterly risky level at $674.21.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.