The iPhone may have just celebrated its 10th birthday. But for Apple investors, this is the only number that matters: $134.54, CNN reports.

That is the all-time high for Apple's stock -- which it last hit nearly 21 months ago back on April 28, 2015.

Apple (AAPL, Tech30) has been mostly stuck in a rut since then, even as investors embraced fellow tech stocks, most notably the FANG of Four.

Facebook (FB, Tech30), Amazon (AMZN, Tech30), Netflix(NFLX, Tech30) and Google owner Alphabet (GOOGL, Tech30) have all hit new records more recently than Apple.

But there are several reasons to believe that Apple might finally be back on track.

The stock has had a nice run lately, gaining about 8% since the presidential election.

Although tech investors were initially nervous about Donald Trump's win because of some antagonistic tweets about Silicon Valley leaders, Apple and other tech stocks have since enjoyed a strong rally.

Part of that is due to the more general hope that Trump's policies will boost corporate and consumer spending. That obviously would help Apple and other gadget makers.

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