AAPL

AAPL

Apple (NASDAQ: AAPL) opened at $349.11. So far today, the stock has hit a low of $348.16 and a high of $350.98. AAPL is now trading at $350.50, up $2.67 (0.77%). Over the last 52 weeks the stock has ranged from a low of $235.56 to a high of $364.90. AAPL shares are rising this morning after a Sterne Agee analyst wrote in a note to investors that the company’s new iCloud service "would be a great start and further distance AAPL from GOOG, AMZN, MSFT, and others, which in the last 10 years or so have failed to put even a minor dent to iTunes." This could be a good sign for AAPL. Sterne Agee currently has a Buy rating and a $460 price target on AAPL. Technical indicators for the stock are bullish and S&P gives AAPL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AAPL the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 315 range.