Most Binary Option Traders are mostly interested to know whether this gaining ground tendency of binary AAPL will continue. Presently, AAPL is traded at $ 648.11 per share, which is the highest mark of the year. The big question for binary investors is whether after this peak a corrective downwards move will follow.
Furthermore, currently binary APPL is well above its ranges of MA – 50 ($597.21) and MA – 200 ($ 520.40). The difference to $648.11 is huge and this presents the outstanding performance of Apple stock.
One of the main drive forces for greatly increasing stock is the company’s financial reports of Q3 – 2012. For instance, Q3 – 2012 Net Sales counted for $ 35,023 million, while, Q3 – 2012 figure was $ 28,571. This is large difference of over $6 million for the same period. More importantly, Net Income in Q3 – 2012 was $ 8,824 million, compared to $ 7,308 for the same period in 2011.
Moreover, shareholders look for the vital investor EPS (earnings per share) figure. Higher EPS are usually associated with higher returns for investors. EPS figures in 2012 for basic shares were $ 9.42 and EPS for diluted shares were $9.32. In Q3 – 2011, Apple Inc. recorded the following EPS standing: EPS basic shares $ 7.89 and EPS for diluted shares $ 7.79. As it could been very easily seen Q 3 – 2012 was much successful for the company than Q3 – 2011 and this was reflected in the prices of binary AAPL.
After AAPL managed to brake out over its prior high of the year, some binary option analysts are expecting some upcoming corrective decline to be seen. If APPL follows a deep decline, as we normally see after a diagonal completes, and drops to the 561 region, applying the standard Fibonacci extensions would have us trading binary AAPL around the 830 region, as a potential multi-year top for AAPL.
Apple Inc. (NASDAQ:AAPL)
Founder: Steve Jobs and Steve Wozniak
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.