AAPL is the chart of the week. After moving sideways in a wedge pattern, the shares blew out to a new all-time closing high last Thursday.
IBD ran a piece on AAPL in their Monday edition and called the breakout "quirky" in that the volume doesn't appear to confirm the breakout. But then the volume is factored for the shortened trading day, volume is up 65% on a "same time" basis.
On the fundamental side, AAPL has an IBD composite ranking of 99 with an EPS ranking of 97 and a relative strengh ranking of 85.
On the technical side, IBD indicates "Cleared 208.10 buy point from a flat base with a handle". They also placed a black box around the chart indicating its in good entry position. This is pretty significant and was one of 2 stocks in the IBD 100 with a black box this week. The other one was LULU.
Shares are up to 211 in the pre-market, so I expect a quick melt-up to 220 here before it takes a rest.