Apple Stock Hits Record Highs Amid Overbought Risks
Apple's stock has gained $4.25 over the past week, currently trading at around $341. The recovery remains intact due to robust demand and ongoing buybacks, but signs of overextension are building as the stock approaches record highs.
The current setup will be in focus for the coming week as investors weigh upside potential against increasing risks of a pause. Apple is projected to trade in a range of $335.74 to $349.79 with a strong probability of further gains, though overbought signals warn of elevated risk for a short-term pause or pullback.
Device launches and buybacks are bolstering sentiment as long-term growth persists. Apple has launched the iPhone 18 Pro and is developing an enterprise-grade AI server based on its M8 Ultra chips, according to The Information and Yahoo Finance.