Jim Cramer made the following calls on August 14th, 2013. What do you think about his picks?
Apple Inc. (NASDAQ:AAPL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 31, 2013. The stock’s 52-week high is $705.07, and its 52-week low is $385.10.
After analysis of the stock’s chart last night, Cramer and colleague Carolyn Boroeden decided that Apple was indeed on the rise. A look a trends in the stocks movement indicated to Boroden that it could be enroute to $582 in the foreseeable future, and moving higher after that. Carl Ichan bought a substantial number of shares of the stock recently, helping to create a flurry of other buyers that sent the stock higher.