The following is technical analysis of Apple Inc. (AAPL) stock for February 18, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/18/10
Resistance Levels: $211, $214, $215.59
Support Levels: $197, $190, $188.68, $185
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Apple Inc. (AAPL) is set to open today around $201.50 which is below the 50 day moving average. A close below this level could set up a retest of the 10 day located at $197.72. I'd be a buyer of pullbacks in the $195-$197 range with a stop at $190. Apple now has resistance around $205, a close above $205 would be very bullish. Apple stock hasn't really moved in the past 4 months but once it breaks out of this range, it will be explosive.
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