The following is technical analysis of Apple Inc. (AAPL) stock for October 19, 2009.Apple Inc. (AAPL) Support & Resistance Levels - 10/19/09
Resistance Levels: $192.32, $202.96
Support Levels: $185, $177
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Apple Inc. (AAPL) closed back below the 10 day moving average on Friday which is a little concerning. Pullbacks to $177 would be a nice entry point for a swing trade. AAPL hasn't tested the 50 day moving average since July. On the upside, if AAPL takes out the $192.32 high, the next major resistance level is located at $200.
As for earnings due out tonight, Apple Inc is expected to post a profit of $1.40-$1.45 per share on 9.8 Billion in Revenue. I expect the stock to move higher if $1.65+ is reported with solid guidance. For more Technical Analysis - Go Here
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