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Wednesday, January 6, 2010

Apple Inc AAPL Stock Analysis - 1/6/10

The following is technical analysis of Apple Inc. (AAPL) stock for January 6, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 1/6/10

Resistance Levels: $215, $220

Support Levels: $208, $202, $200



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Apple Inc. (AAPL) recently closed above the previous resistance between $208-$208.71. This caused more buying to occur and the stock is now testing $215. A close above $215 would set up a run toward $220 but in the short term, I think Apple is a little overbought heading into earnings. Apple will have to report solid guidance to sustain this price and advance the stock further. I expect a solid second half of 2010 for Apple. I'd be a buyer of pullbacks under $200.

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