Updated from 11:56 a.m. EST to provide comments from J.P. Morgan in the fifth paragraph and updated shares price.
NEW YORK (TheStreet) -
Apple shares hit $500 for the first time on Monday, as the iPhone maker pushes towards a $500 billion market cap, but should traders and investors take pause after Apple’s recent run-up?
It depends on your time-frame, according to a variety of traders and analysts.
Click to view a price quote on AAPL.Click to research the Computer Hardware industry.
Excerpt from: When Should Investors Buy Apple? (Update 1)
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