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Apple ( AAPL), along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. This stock is trading up 3.7% at $589 in recent trading.

Today's Volume: 27.5 million

Average Volume: 15.8 million

Volume % Change: 101%

From a technical perspective, AAPL is gapping up big today on monster volume. This stock has been on a tear since it recently broke out above some near-term overhead resistance at $548.21. That run has taken the stock to its daily high today of $594.72.

Traders should now look for long-biased trades if AAPL can manage to print a new all-time high above $594.72, and they should look for short-term short biased trades if the stock takes out its daily low of $576.08. A move below that daily low will put AAPL into play to fill some of the gap up back down to around $560.

Apple, one of 3 Tech Stocks With More Upside for 2012, was also featured recently in " 5 Cash-Rich Stocks to Buy."

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