Apple Stuck In Trading Range

Apple Inc. AAPL shares are trading lower by $0.14 at $117.89 in Friday's session. After coming close to breaking out above the $120 level last Friday, it has mirrored that action today in a tight trading range. Over the last five trading sessions (including today), it traded in less than a $3 trading ($117.12-$119.92). It should be noted that until today, the last five highs in the issue have been all in the $119 handle from $119.23-$119.92. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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