With Apple's stock the center of attention this week
, we have explained the different ways that professional traders try to determine the direction of Apple's stock. Fundamental analysts look at the nuts and bolts of a company's business, which in Apple's case is manufacturing devices like the Apple iPhone
and the Apple iPad
. We've talked about analysts studying the supply chain, and checking retail stores looking for an edge. We've also discussed the technicians who use charts to let the stock itself do the talking. This includes the Elliot Wave Theory, moving average breakouts, CANSLIM and Stage Analysis to name a few.
The jokers at The Joy of Tech have produced an infograph that covers a number of, well, let's just call them unorthodox methods
of valuing a stock such as Voodoo, Tarot cards (check out the cards, they are a riot!). Whatever methodology of analysis you use, it was a tough week for Apple which closed Friday at $439.88.