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Thursday, December 10, 2009

Apple Inc AAPL Stock Analysis - 12/10/09

The following is technical analysis of Apple Inc. (AAPL) stock for December 10, 2009

Apple Inc. (AAPL) Support & Resistance Levels - 12/10/09

Resistance Levels: $200, $208, $208.71

Support Levels: $195, $188.68, $185, $177



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Apple Inc. (AAPL) spiked back over the 10 & 50 day moving averages yesterday and closed above $195. This was a very bullish reversal on news that Apple could seen be unveiling a tablet mac.

$195 is now major support, a close below this level would be bearish and the stock could easily retest $188-191 again. A close above $200 would cause more shorts to cover and another spike.

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