Apple (AAPL) has broken through the trend and is now trading at historic highs ($284 per share). The average price target of all the analyst firms covering Apple is $340. I am not that optimistic yet – my 12 month price target is $315.
Also, Amazon (AMZN) is now trading at historic highs. The company reported Q2 results on June 23, after which the share declined by $14.15. It is somewhat ironic that since the dissapointing results the share has gained about 45%.
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