Apple Inc AAPL Stock Analysis - 12/19/09

The following is technical analysis of Apple Inc. (AAPL) stock for December 19, 2009

Apple Inc. (AAPL) Support & Resistance Levels - 12/19/09

Resistance Levels: $200, $208.71

Support Levels: $192.60, $190, $188, $185

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Apple Inc. (AAPL) continues to consolidate around the 10 & 50 day moving averages. After RIMM's blowout quarter last night, I now expect buyers to flood back into Apple in advance of their earnings due out mid January 2010. Watch $200 which is now a key resistance level. A close back above $200 would be bullish and I believe AAPL stock would retest the highs around $208-$209. Keep your stop tight at $190.

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