NEW YORK ( TheStreet) -- Among the mojo stocks on which I focus, the leadership has shifted back to Apple (AAPL - Get Report), after billionaire Carl Icahn recently disclosed a $1.5 billion stake in the company. It appears that Icahn wants Apple to borrow cash to accelerate a share repurchase program. The stock popped above its 200-day simple moving average at $470.44 on Tuesday and then tested $504.25 on Wednesday vs. my annual risky level at $510.64.Back on September 21, last year, we learned that Apple trees do not grow to the sky following an all-time high at $705.07. This year, Apple shares continued to slide all the way to below $400 in April and again in June.
Apple Shifts to Mojo Status From Value Stock
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