They have zero debt, a P/E ratio of only 22 and a PEG (future growth) of .99. From a fundamentals stand point, AAPL is undervalued, imagine that! Steve Jobs is an excellent CEO that continues to wow consumers, analysts and competitors. Apple is in a great stop as far as fundamentals go...
Technicals: The technicals are rough as you can imagine. The overbought status is evident. Look at the indicators/oscillators:
- RSI: 80
- MACD: 9.9!
- Williams%R -10
- Stochastics 92.24
Final Trade: Apple continues to outperform everyone, including markets. Apple is a great company that innovates well and listens to the consumer. Management gets the job done above the call of duty. Apple blows away earnings every quarter and they haven't looked back. The technicals are a little sour but momentum is on the upside. Fundamentals are great, no debt, low P/E and PEG. I am recommending a buy for AAPL or some longer term call options.
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