Apple Inc. (AAPL) shares are rallying after Steve Jobs
confirmed he had been losing weight in 2008 due to a hormone imbalance, but he
has begun treatment for the condition.
The company will certainly need to address the succession
factor at some point, so that any further Steve Jobs concerns can have less of
an impact on the company's franchise.
The Bottom Line
Shares of Apple had a tough 2008, losing over 55%. and do have technical
support in the $68-72 area. If the shares can stabilize and begin to move
higher, the $100-$111 price area would be the area of initial overhead
resistance. We like to monitor the stock as a main tech gauge for investors.
Apple Inc. (AAPL) does not currently pay a dividend.
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