The following is technical analysis of Apple Inc. (AAPL) stock for February 1, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/1/10
Resistance Levels: $197, $211, $214, $215.59
Support Levels: $190, $188.68, $185
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Apple Inc. (AAPL) broke two key support levels on Friday but managed to hold $190. The next two major support levels that must hold are $188.68 & $185. If Apple would close below $185, a technical breakdown would occur and I feel the stock would go much lower. I would then be looking to add to my long term stock position possibly in the $170's. On the upside, I would also like Apple if the stock closed back over both the 10 & 50 day moving averages located around $204.
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