Apple Stock has Surged in the Last Few Weeks to its Highest Level

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Apple stock has surged to its absolute highest level closing level at $102.50. There are some who could see the stock going as high as $115.

The surge though is built on this pent-up demand for the iPhone 6. This has been described as a Tsunami building and soon to happen.

Investors should be cautious though in that there could be a possible pull back as many capitalize on their gains and the Tsunami blows over. Much of course depends on many other factors as people are forgetting Apple is not a one trick pony.

Apple’s PE earnings ratio is currently 18.