AAPL's Price Surge May Have More Than Just Momentum Behind It

Apple's (AAPL.US) recent 3.6% price jump may be more than just a momentum-driven move, according to an observer who prefers to stay vigilant when mega-cap stocks surge.

The investor in question points out that the operating numbers behind Apple's revenue growth are more impressive than the chart itself.

Latest quarterly revenue grew 16.4% year over year to about $109.4 billion, while EBIT increased 26.6%, EPS rose 28.7%, and operating cash flow gained 23.3%.

This investor notes that profit is growing materially faster than revenue, a trend that could be crucial in determining whether the current rally has legs or not.