Shares of Apple are still buyable at $417 per share, Stuart Frankel's Steve Grasso said Tuesday.

"There is a wall of resistance going up to $450, but I think you're going to see momentum back in Apple's camp," he said.

On CNBC's "Fast Money," Grasso had previously said Apple was a "buy" around the $390 level.

(Read More: Despite Expectations, Apple Stock to $500?)

Apple's stock closed at $418.49, up 2.27 percent.

(Read More: Apple Stock Now a 'Strong Buy': Analyst)

"I still think it's still worth a 'buy' here," Grasso added.

"Obviously, the mental level, you want to keep it above $400, then giving it a wide berth there, but I still think you're OK buying Apple."

Tim Seymour of EmergingMoney.com said that Apple's share price wasn't likely to climb much higher

He noted that the company's recent trademarking of "iWatch" meant that it wasn't going to be hitting stores anytime soon – "$440, I think it doesn't get through."

(Read More: Apple Applies to Register 'iWatch' in Japan)

Trader disclosure: On July 2, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long EBAY; Stephanie Link is long FB; Stephanie Link is long JWN; Stephanie Link is long GPS; Stephanie Link is long COST; Stephanie Link is long HIG; Stephanie Link is long F; Jon Najarian is long AAPL; Jon Najarian is long ZNGA; Jon Najarian is long KSS; Jon Najarian is long DVA bought today; Jon Najarian is long COG; Jon Najarian is short XLF puts; Tim Seymour is long BAC; Tim Seymour is long INTC; Tim Seymour is long GM; Tim Seymour is long F; Steve Grasso is funds long AAPL; Steve Grasso is funds long ZNGA; Steve Grasso is funds long STZ; Steve Grasso is funds long F; Steve Grasso is funds long GM; Steve Grasso is funds long MU; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long GDX; Steve Grasso is long GOOG; Steve Grasso is long MHY; Steve Grasso is long HPQ; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S.