Hot Stock Alerts

Potential Breakout Stocks of the Day:
Top Stocks 2021 - TSLA BYND GBTC
Top Penny Stocks 2021 - GBTC

Stock Market Closing Report - 12/8/20 December 8, 2020

Saturday, January 24, 2009

Apple AAPL Technical Analysis 1/26/09

The following is technical & fundamental analysis of Apple ( AAPL ) stock for 1/26/09. You can view a stock chart of this analysis at : http://blackberrystocks.com/aapl.html

Apple Support and Resistance Levels:

Resistance - $90, $97.17, $103.60
Support - $85, $80, $78

Apple AAPL reported wonderful earnings last week and is currently trapped between the 10 and 50 day moving averages....$90 is your magic number going forward, a close back over $90 is what I am looking for to get bullish on the stock going forward. $90 was the previous support but since it failed, it is now strong resistance. When traders are willing to hold AAPL over $90, this will be a sign of a trend change. After $90, $97.17 will be another level to watch.

The positive thing about AAPL stock right now is that the Steve Jobs health news is already priced in since the news was released two weeks ago. I believe that the selling going on at $78 area last week was due to the theory Steve Jobs may never be back. If Steve Jobs does come back in June, you could see a $10 upside pop in AAPL shares.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Copyright © 2008-2020 - daytradingstockblog.blogspot.com

Stocks to Buy 2020 - Click Here