The following is technical analysis of Apple Inc. (AAPL) stock for December 7, 2009Apple Inc. (AAPL) Support & Resistance Levels - 12/7/09
Resistance Levels: $195, $200, $208, $208.71
Support Levels: $190, $185
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Apple Inc. (AAPL) crashed below the $195 support level on Friday on heavy volume. Also, the stock has not closed below the 50 day moving average since March 2009. While this is reason for concern, it does not always mean more selling pressure. It could simply mean that AAPL could trade more of a sideways pattern. The next major support level to watch is located around $185. As for now, I would not be buying the stock unless it closed above $195.
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