Apple Crosses $120 And Makes Post-Flash Crash High

Apple Inc. (NASDAQ: AAPL) shares are trading higher by $1.05 at $120.32 in Thursday's session. The issue is following through on its better-than-expected Q4 report from Wednesday that fueled nearly a $5 rally ($114.55-$119.27).

It is now trading at its highest level since bottoming during the Flash Crash at $92. It is entering an area of very little resistance until the pair of highs from July 31 ($122.64) and August 3 ($122.57).

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com