Shares of technology giant Apple Inc. (AAPL) have rallied nicely in recent weeks along with the sharp bounce in the broader market and on the back of its latest quarterly results. While AAPL stock still is well-positioned in the longer term, Apple is increasingly overbought in the near and medium terms. Thus, active investors and traders could use the recent strength to take some or full profits, then look to buy again at lower prices.

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