AAPL Apple 3-Minute Chart; Apple is First US Company to Cross the $1 Trillion Market Cap Valuation

At 11:48 AM EST, minutes after the European close, foreign traders rush into US markets pumping Apple higher. Bingo. AAPL is up +2.7% to 207.05 the first US company to cross the $1 trillion market cap threshold at $1.004 trillion. Apple beat Amazon in the race to $1 trillion. PetroChina had hit the $1 trillion market cap number in the past and then hastily retreated.

At 4 PM EST, Apple finishes the day up +2.9% to 207.39 closing above the $1 trillion market cap so it overtook the level intraday and remained above through the bell. Analyst Gene Munster continues touting more upside for AAPL going forward.

Note the blue ascending triangle pattern. The vertical side is 1.6 dollars. When price breaks out above 207 the target for the ascending triangle is 208.60 (207+1.6). AAPL prints the HOD at 208.38 close enough for government work. AAPL may have a tinge more juice to exactly honor the triangle. Traders are buying with both fists so the bulls won the earnings decision on Tuesday afternoon. The charts are pricing in the euphoria. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.