The following is technical analysis of Apple Inc. (AAPL) stock for January 29, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 1/29/10
Resistance Levels: $211, $214, $215.59
Support Levels: $200, $197, $193.00, $189
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Apple Inc. (AAPL) is trading back above $200 in pre market today. The stock closed below the 50 day moving average Thursday but continues to hold the $197.16 low from last Friday. If $197.16 is broken, the next support level to watch would be around $193. If Apple can hold here and somehow pop back above $210, I think it will race to new highs and continue the uptrend. The problem with this theory is that we are entering two of the worst months for Tech stocks. I own AAPL stock and will be looking to buy more.
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