Power Plays New Idea: A Special Situation

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Power Plays New Idea: AAPL

September 9, 2022

By Scott Redler

Name: Apple

Ticker: AAPL

Price: $157.76

Needs to Hold: $152 to $153

Price Objective 1: $160 to $160.50

Price Objective 2: $163 to $163+

Apple (AAPL) has shown relative weakness in the past couple of days since the iPhone event, which I think is wrong.

While I talked about derisking in the Weekly Roundup, Apple is a bit of a special situation and could outperform over the next week or so as it closes the gap vs. other tech names.

Therefore, I'm making it our latest Power Play.

Enjoy your weekend!

-Scott

Scott Redler Positions Disclosure

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