Apple has invited the media for its upcoming event expected to launch a new IWatch and AirPod models. The event will take place Sept. 14 for its annual launch event, where the company is expected to introduce new iPhones.
The last time Apple updated a release for Apple Watches and AirPods was in 2019. Apple says it time for an update. The iPhone 12 was released in October due to the pandemic.
While we are not sure what will be included in this event- Apple us due to update the MacBook Pro and iPad models this fall.
— Greg Joswiak (@gregjoz) September 7, 2021
The stock rose in morning trade as high as 157.26.
AAPL appears to be in a strong bullish trend. Its 200-day moving average is upwards sloping and the MACD histogram is above 0. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.
Momentum for AAPL is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.
Today’s volume is on track to be heavier than usual, with 51,458,892 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
As of 1:08 PM ET Tuesday, 09/07/2021
As of 1:08 PM ET Tuesday, 09/07/2021 Source: Charles Schwab