Apple shares register their highest close on record on February 13th ahead of the 10th-anniversary iPhone release

Apples stock marked the highest close on record on February 13th, supported by expectations that the release of a 10th-anniversary iPhone will prop up the companys sales.

Apple shares gained 0.89% ($1.17) to $133.29, or a closing price that exceeded the prior record-high close of $133.00, recorded on February 23rd 2015. At the same time, the tech giants market capitalization grew to $699.3 billion. Mondays session also marked the sixth gain in the past seven trading days. The stock touched an intraday high of $133.82, which has been a level not seen since April 28th 2015 ($134.54). The stocks performance bolstered S&P 500s market capitalization on February 13th to a level above $20 trillion for the first time.

In the week ended on February 12th the shares of the technological company added 2.36% to their market value compared to a week ago, which marked the sixth consecutive period of gains. The stock has extended its advance to 9.84% so far during the current month, following a 4.77% surge in January. The latter has been a second straight month of gains. For the entire 2016, Apple shares appreciated 10.03%.

Yesterdays performance was largely influenced by Goldman Sachs revised up price target for the stock to $150. According to Simona Jankowski, GS analyst, Apples 10th anniversary iPhone will reveal augmented-reality technology, which could have a favorable impact on demand amid fierce competition between smart phone producers.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Apple stock are presented as follows:

R1 – $133.39
R2 – $133.49
R3 (Range Resistance – Sell) – $133.58
R4 (Long Breakout) – $133.88
R5 (Breakout Target 1) – $134.22
R6 (Breakout Target 2) – $134.36

S1 – $133.19
S2 – $133.09
S3 (Range Support – Buy) – $133.00
S4 (Short Breakout) – $132.70
S5 (Breakout Target 1) – $132.36
S6 (Breakout Target 2) – $132.22

By using the traditional method of calculation, the weekly levels of importance for Apple Inc. (AAPL) are presented as follows:

Central Pivot Point – $131.32
R1 – $133.74
R2 – $135.36
R3 – $137.78
R4 – $140.20

S1 – $129.70
S2 – $127.28
S3 – $125.66
S4 – $124.04