Watch for a wave of upgrades if Apple breaks $220

Photo of Steven M. Peters
By Steven M. Peters Updated Published

No Apple analyst can stay underwater forever.

 

When Apple crossed $218 Monday, 14 analysts were in the blue and three more were $1.90 away.

wave

Click to enlarge. Corrections appreciated. 

My take: When a bullish firm like Piper Jaffray is underwater, you know something’s got to give.

Below: Past year’s performance, no guarantees.

fever chart wave

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