Tom Reese/Paul Rubillo, Dividend.com
Apple Inc. (AAPL) shares are rallying after Steve Jobs confirmed he had been losing weight in 2008 due to a hormone imbalance, but he has begun treatment for the condition.
The company will certainly need to address the succession factor at some point, so that any further Steve Jobs concerns can have less of an impact on the company's franchise.
The Bottom Line
Shares of Apple had a tough 2008, losing over 55%. and do have technical support in the $68-72 area. If the shares can stabilize and begin to move higher, the $100-$111 price area would be the area of initial overhead resistance. We like to monitor the stock as a main tech gauge for investors.
Apple Inc. (AAPL) does not currently pay a dividend.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
