NEW YORK (TheStreet) -- Even with the new S&P 500 highs, the previous four and a half trading sessions were pretty quiet during the holiday-shortened week.
But one stock stuck out: Apple (AAPL).
Since the company reported its fiscal fourth-quarter earnings in late October, shares of Apple had largely remained unchanged. From Oct. 21 through last Monday, Nov. 25, the stock traded in a range of $512.50 to $533.
For a company that just reported strong earnings and introduced four new products -- the iPhone 5S, iPhone 5C, iPad Air and iPad Mini -- the sluggish price action was surprising, considering we've seen one of the stronger bull markets in recent history.
On Tuesday, that all changed. Technicians, along with myself, were looking for a breakout over the $525 to $530 level and boy did we get it. To me, it was a more of a when, not if, scenario because of the holiday season.
The iPhone 5S production is being run full tilt, as holiday sales are expected to be strong. Many investors are also looking for a deal with China Mobile Limited (CHL) to boost sales in Asia, with China Mobile's more than 750 million subscribers.
Consumers can't easily describe how the iPad Air differs from, or is much better than, the current iPad. TheStreet's Rocco Pendola described that in a recent CNBC appearance below.