Traders are eagerly awaiting quarterly results from the world's largest company. And if history is any guide, Apple's valuation may come to be just a few dollars shy of $1 trillion within a month.
The chart for Apple is bullish ahead of earnings, according to Carter Worth, head of technical analysis at Cornerstone Macro. That's because share prices have held what he sees as a long-term uptrend for well over a year.
Not only has the trend line held but now the stock is over $15 above it on Worth's chart. He sees that as constructive for the stock.
Apple's stock appears to have used it as a launching pad to make huge gains in a short period of time. Worth counts three times in the last year and a half when Apple made massive moves in under a month and each time was after the company reported earnings.