The following is technical analysis of Apple Inc. (AAPL) stock for February 24, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/24/10
Resistance Levels: $205, $211, $214, $215.59
Support Levels: $195, $190, $188.68, $185
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Apple Inc. (AAPL) fell back below both the 10 & 50 day moving averages on Tuesday but held the $195 support level. The current uptrend is still intact unless Apple would break down and close below $195. Longer term, it would be bearish for Apple to close below $190 at any time. On the upside, resistance is again located at $200 as well as $204-$205. I plan to buy more Apple stock when it closes back above $205.
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