The following is technical analysis of Apple Inc. (AAPL) stock for February 17, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/17/10
Resistance Levels: $211, $214, $215.59
Support Levels: $197, $190, $188.68, $185
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Apple Inc. (AAPL) closed above the 50 day moving average on Tuesday which is very bullish. Apple is set to open up around $204.25 today. I now like pullbacks to the 10 day moving average as a short term buying price. On the upside, resistance will be located between $208-$211 but if Apple can close above this area, I have a strong feeling that it will break to a new 52 week high shortly after. If AAPL fails at $208 and falls below $200, it would set up a bearish head and shoulders pattern.
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