by Michael Tarsala
Apple (AAPL) shares broke out to start the third quarter, possibly shifting sentiment to the upside.
The shares need to close well today for the pattern to be meaningful.
If that happens, Apple will have broken out of a 3-months sideways range. That's important because it clears the way for a possible run at the April highs.
I am not sure that this move says anything in particular about expectations for earnings later this month, or the iPad 5 launch, expected by fall.
But I do think it clears a hurdle and sets up potential upside in coming months.
And Freedland does believe that the iPhone 5 could be a stock catalyst.