Tuesday, November 22, 2011

Apple to Hold Online Shopping Event on Black Friday & Sony Limits PlayStation Game Sharing in Europe

Uploaded by on Nov 22, 2011
Apple (NASDAQ:AAPL) announced that it would hold a "special one-day Apple shopping event" on Black Friday.

The company will make "amazing iPad, iPod, and Mac gifts" available on its Apple Online Store that day, the company said.

Apple (NASDAQ:AAPL) has potential upside of 36% based on a current price of $374.16 and an average consensus analyst price target of $508.73.

Apple is currently below its 50-day moving average (MA) of $395.33 and should find support at its 200-day MA of $363.67.
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Uploaded by on Nov 22, 2011
Cnet reported that Sony (NYSE:SNE) has revised its game sharing policies in Europe, as well as Australia, so that only two of each Sony gaming devices can access games and content purchased from its PlayStation Store.

Sony representatives did not say whether they could come stateside.

Sony is currently below its 50-day moving average (MA) of $19.15 and below its 200-day MA of $25.71.

In the last five trading sessions, the 50-day MA has fallen 0.96% while the 200-day MA has slid 1.1%.

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