This week has been a very good one for Apple shareholders. The entire week has been nothing but one peak after another, with Apple shares hitting all-time closing highs every day.
It started on Monday, when shares of Apple Inc. gained $3.11, or 3.09%, to close at a new all-time closing high of $103.92 per share on volume of 30,765,211. It continued on Tuesday, when shares of Apple Inc. gained $1.14, or 1.10%, to close at a new all-time closing high of $105.06 per share on volume of 27,803,443. Yesterday, shares of Apple Inc. gained $1.82, or 1.73%, to set a new all-time closing high of $106.88 per share on volume of 25,624,961.
Apple's previous 52-Week and All-Time High was $102.50 set on April 26, 2007, while Apple's 52 Week Low stands at $50.16, set on July 14, 2006.
Exactly what has triggered this reaction is unclear, since Apple has made no announcements and released no new products. There aren't even any new noteworthy rumors that could have caused it.
Regardless of what produced them, the stock peaks look very promising, especially because so far this year, Apple has not brought out anything of considerable interest. iPhone, new iPods, new Macs, Leopard, everything is yet to come. If Apple's upcoming products, especially the iPhone, perform at even a tenth of what analysts expect them to, Apple's stock will go through the roof.
It will be interesting to see what happens at the end of the week. So far today, the stock is still going up, and it is showing no signs of stopping. Can AAPL just keep going up and up, or will it tank?
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