Apple 2.0

Covering the business that Steve Jobs built

Chart of the day: Apple shares spike suddenly on high volume

March 11, 2013: 4:29 PM ET

No hard news, just rumors of a large buyback or special dividend

Apple spike

Click to enlarge.

FORTUNE -- After trading down all day -- and all year, for that matter -- Apple (AAPL) began moving higher at 2:26 p.m. Monday and didn't stop until it hit resistance at $438. The stock closed at $437.87, up $6.15 (1.42%) for the day.

Wall Street watchers were left scratching their heads.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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