1. First, let look Apple, the mega-computer company.
Apple traded up 0.66% on Friday, closing at $97.67.
- Friday's range: $96.64 - $97.84
- 52-week range: $62.89 - $97.88
- Friday's volume: 43,533,519
- Three-month average volume: 61,167,300
Apple is a great stock to swing trade. It has great volume and moves a lot.FDA Rejects AcelRx Painkiller Dispensing Device Last week, Apple reported positive earnings, and as a result, the stock continues to rise. The day after the earnings report, the chart formed a doji gap up, which is known as a trader's best friend. The sentiment is clear that when a doji gap up appears -- a doji shows a struggle between the bulls and bears -- the gap up shows the winner, and in this case, the bulls won. Following the doji gap up, Friday's candlestick was a bullish engulfing signal, which also implies that the stock will continue to rise today. The stock will likely reach the $100 level in the near future. Look for an entry anywhere above the t-line, which is at $95.99. I'd set my stop at Friday's low of $96.64, maybe a few pennies below that. Target the $100 level to start, and then add to the position on the dips. The next targets are $104, $108 and $110. Trading Apple is as safe as the computer the company has created. Stay long until you see a confirmed sell signal or a close below the t-line. GM Isn’t Alone in the Race to the 200-Mile Electric Car
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