Apple shares aim for a 10th consecutive weekly gain, the longest streak since 2009, as the stock hits new highs.
Apple Inc. (AAPL) is poised for its 10th straight weekly gain, marking its longest winning streak since 2009. The rally has pushed the stock into record territory, breaking above a long-standing ascending trendline on the weekly chart.
The last time AAPL achieved a 10-week streak was during the post-financial crisis recovery, when the stock surged amid broader market optimism. Analysts note the current momentum reflects strong investor confidence in Apple’s growth prospects, particularly in services and wearables.
Shares closed at an all-time high Friday, extending a rally fueled by robust earnings and optimistic outlooks for upcoming product cycles.