AAPL retests 2014 high

While I love the products AAPL isn't a stock I like to trade - the pullbacks can be too deep (as I have mentioned on previous posts regarding Apple). So saying, the latest pullback hasn't been too bad and I may consider a position on this if price swiftly breaks above $133.60 (the recent pivot high).

The recent countermove has stayed above the 2014 pivot high and found support at the 50ma - so there is a good probability that price will go higher. This isn't a stock for immediate action, however, as I will be waiting for price to break above the February high.

AAPL replaces AT&T in the Dow after today's close. It will be interesting to see if this affects Apple's price at all.