Apple opens at $300.03

October 13, 2010, 1:43 PM UTC

Shares had closed at three all-time record highs in as many trading days, but with Apple (AAPL) expected to announce strong fiscal fourth quarter earnings Monday, this could be a dangerous time to short the stock.

Fly On the Wall‘s take:

Additional upside objectives, based on a scaled range, may be at the following levels: $307.17, $313.32, $319.58. A move back below $300 would not necessarily be bearish as long as the stock can manage a close near or above it today.

See also:

[Follow Philip Elmer-DeWitt on Twitter @philiped]