The following is technical analysis of Apple Inc. (AAPL) stock for January 7, 2010Apple Inc. (AAPL) Support & Resistance Levels - 1/7/10
Resistance Levels: $215, $220
Support Levels: $208, $202, $200
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Apple Inc. (AAPL) pulled back from the high of 215.59 and is now testing the 10 day moving average. If Apple closes below the 10 day, it has the chance to retest the 50 day which is at $200 per share. I would be a buyer of Apple stock at $200 or below as we head into earnings. Guidance is always the key for the 1st quarter rather then the actual 4th quarter results. If guidance is soft, you could see a larger correction in the stock. If guidance is solid, $230-$250 could come.
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