Scott Redler On Apple's Price Action
Scott Redler is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
T3 Live and T3 Trading Group Chief Strategist Scott Redler discussed Apple Inc. (NASDAQ: AAPL) on the show.
"I think buying [Apple] close to $125-$126 is good, that's what I would like to do," Redler said, and he felt that Apple had not yet seen its highs for the year.
"I want to trade it tactically and right now, right around the $126 area...is the higher end of the half-way point between $120 and $129." Redler wanted to see the stock hold the $125 level because if it did not, it could create choppy action in the stock.
If it did hold the $125 level, Redler thought the stock would move higher and take out the $129.40 level.
Shares of Apple recently traded at $127.46, up 1.24 percent.
Listen to the show here:
Latest Ratings for AAPL
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Barclays | Maintains | Equal-Weight | |
| Feb 2022 | Tigress Financial | Maintains | Strong Buy | |
| Jan 2022 | Credit Suisse | Maintains | Neutral |
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