The following is technical analysis for Apple ( AAPL ) stock for April 2, 2009.Apple Support and Resistance Levels: 4/2/09
Resistance - $58, $60
Support - $54, $52.50, $50
http://stockcharts.com/ - Chart
After making the high at $110, Apple ( AAPL ) stock is bouncing off the 10 day moving average and holding. This is a very bullish sign. Apple is getting ready to make a big move soon. Watch for a break above $110 for more upside, watch a close below the 10 day moving average for a retest of $95-$100. I continue to believe the new range for Apple should be between $95-$115.....the $80's are history unless we have another leg down in the stock market.
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