Apple is the most valuable publicly traded company ($2.37T) behind Saudi Aramco. This title has been rightfully earned as the company continues to deliver in customer loyalty, growing services business, and continued product development pipeline. This stock has continuously made all-time highs since its inception and is currently within 1% of its all-time high of $143.15.

Technically, there are three indicators that show favorable future price action.
1) The company is not in an overbought condition according to the MACD .
2) The company has tested its previous resistance of low $140s multiple times.
3) The company Price-to-Earning ratio has consolidated as earnings have risen in the past couple of months

Furthermore, as interest rates have been low this company is a safe bet to outperform due to its historical growth. This provides a sense of risk-free return, a great hedge in the current high-valued market. Finally, there has been significant call buying recently further ratifying the potential for a breakout.