Bullish Play On Apple Into 2013

By Mazen Abdallah:

Since 2009, Apple’s (AAPL) stock has consistently made new highs. Remarkably, even if you bought it at its very peak during each year, you made substantial gains 52 weeks later. From 2009′s high to 2010′s high, you gained 53% in share value. From 2010 to 2011, you gained 31% in value. From 2011 to 2012, you gained 51% in value. What will be the increase in value for 2012-2013? While no one really knows how much higher Apple can go, a safe argument can be made as to where Apple won’t be – lower.

Listed below are the yearly highs for Apple stock since 2009.

Apple Stock Yearly Highs:

• 2009 HIGH: 213.95
• 2010 HIGH: 326.66
• 2011 HIGH: 426.70
• 2012 HIGH: 644.00

The median increase for yearly highs the past three years is 45%. Should that trend continue into 2013, Apple would have a price target of $934. While that may

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