The following is technical analysis of Apple Inc. (AAPL) stock for February 26, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/26/10
Resistance Levels: $205, $211, $214, $215.59
Support Levels: $200, $195, $190, $188.68, $185
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Apple Inc. (AAPL) is trading back above the 50 day moving average this morning which is very bullish. News came out yesterday that Apple Inc may open 20-25 stores in China and there was a rumor of a 4 to 1 stock split. I doubt the 4 to 1 stock will occur but we may get a 2 to 1 at some point. Apple has resistance at $204.31, a close above this will cause me to add to my current long position.
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