Apple is fighting for its 10th consecutive day of gains after the analyst states that "hurricane-like clouds" are disappearing in China (AAPL)

• Dan Ives, an badyst at Wedbush, announced that "hurricane-like clouds" in China are slowly dissipating for society.
• Apple's stock rose 1.2% and is expected to post a 10th consecutive day of hike.
• Watch the live Apple trade.

Apple shares rose 1.2 percent to nearly $ 202.50 a share on Tuesday morning, after receiving a price target increase from a Wall Street badyst.

The first purchases have allowed Apple to win its tenth consecutive day of gains and the edge of its longest streak of victories since 2010, according to the same source. Carl Quintanilla of CNBC. The stock gained more than 8.5% in the series and is fighting for their highest close in five months.

"Although there is still" wood to be cut "for Cook & Co, we are seeing more stable trends in demand for the iPhone in this area after restless months with clouds resembling hurricanes slowly dissipating in China for Apple, "writes Dan Ives, badyst at Wedbush in a note to customers on Tuesday morning.

"We are maintaining our OUTPERFORM rating and are raising our price target from $ 215 to $ 225 to reflect more stable demand trends in the sector and a valuation that is starting to gain more" credibility "for the pivot services segment. "

On Jan. 4, Apple CEO Tim Cook wrote a letter to investors in which he lowered Apple's revenue forecast for the fourth quarter of the year to $ 84 billion. Later in the month, the technology giant announced $ 84.3 billion in revenue and posted second-quarter revenue forecasts lower than Wall Street estimates.

But in February, signs began to indicate that Apple's slowdown in China was easing.

"Although the composition of the market in March is still bad, the tone of the supply chain is starting to improve and the price reductions in China could begin to wipe out the channel inventory", wrote the UBS badyst, Timothy Arcuri.

"Purchasing estimates for XR are currently on the rise in June, which is atypical for the latter of a" new "model cycle (good for the short-term QRVO), but which reflects the destruction of stocks . "

And in his note on Tuesday, Ives said that although "Apple" continues to face a situation of "red code" in China, "a reduction in prices on the XR of up to 20% would put a "security fence" on its core of users in the Region.

Apple has grown more than 38% this year, taking into account Tuesday's rise.

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