Note 7’s Troubles Spell Boom For Iphone7 – Apple Defying Global Stock Sell Off

Against the backdrop of the global selloff in stocks, Apple was the only component of the Dow Jones gaining ground on Tuesday, and it was just one among the very few constituents of the technology-heavy Nasdaq-100 Index, that were trading in the green.

Apple shares surged nearly 3% after T-Mobile US. Inc. reported that advance orders for the iPhone 7 and iPhone 7 Plus during the Friday-Monday period last week were nearly four times that of the previous record over similar time frames.

Trade suggestion

Buy Stop at 108.20, take profit at 108.80, Stop loss at 107.50

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