Peter Smith
⬤ Apple shares climbed to $283.10 on Monday, marking a new record high. The breakout lifted Apple's valuation to $4.2 trillion, continuing the momentum that's been building for months. The stock closed up 1.52% and held comfortably above its previous trading range.
⬤ The daily chart shows AAPL pushing through resistance around $282-$283, a level that had blocked the stock throughout November. Buyers absorbed the selling pressure at those highs, confirming the breakout. Since early fall, Apple has been making higher lows with a steady climb from the $250-$260 range and consistently strong closes near daily peaks.
⬤ With no visible resistance overhead, the stock is now in price discovery mode. After-hours trading around $283.06 shows investors remain confident. The $4.2 trillion valuation highlights Apple's growing dominance among megacap tech stocks and the continued flow of capital into large tech leaders.
⬤ This breakout matters because when AAPL enters new territory, it can influence broader market sentiment. As one of the most heavily weighted stocks in major U.S. indices, Apple's strength could help lift the overall market. The clean break above a well-defined resistance level reinforces the company's leadership position and puts focus on how the stock performs around its new support zone.
Peter Smith
