But earnings report is this week, and anything can happen. Longterm trends suggests a move higher, solidifying a breach from negative trading and a new trading dynamic. Or a move towards the highs.
Since this is aapl, and everything is viewed through a negative lens, a penny miss or a 1/2basis point miss on margin expectations could drag the stock down 10%.
AAPL's trailing be is below average, and below SP500. A simple reversion to mean, brings the stock to 140-150.