Great earnings yesterday. Validating the recent 6 day run from $212 to $232, prior to release. And then hitting $244 immediately thereafter after the close, wow.
But where to now? Let's assume increased volatility for this widely held, mega-cap, market leader. So we might want to slow the chart down to weekly look for example.
Then one might see a price target for 3 months out (next earnings release) around $260 to $265. Which would reflect approximately a 10% move for the quarter.
As a market leader, that's bullish for the NDX. Tech will most likely continue to dominate this market.
But where to now? Let's assume increased volatility for this widely held, mega-cap, market leader. So we might want to slow the chart down to weekly look for example.
Then one might see a price target for 3 months out (next earnings release) around $260 to $265. Which would reflect approximately a 10% move for the quarter.
As a market leader, that's bullish for the NDX. Tech will most likely continue to dominate this market.