The following is technical analysis of Apple Inc. (AAPL) stock for February 3, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/3/10
Resistance Levels: $197, $200, $211, $214, $215.59
Support Levels: $190, $188.68, $185
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Apple Inc. (AAPL) continues the snap back rally after falling below $197 last week. Apple hit a high of $196.32 on Tuesday which now becomes short term resistance. The 10 day moving average has made a bearish cross below the 50 day but as long as AAPL remains above $190, it will be ok. After $196.32, $197 becomes resistance. If Apple can close back above $197, it has a chance to get back above $200 again which will be very bullish. A close above $200 would cause a short squeeze and the $190.25 will be solid.
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