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Thursday, February 4, 2010

Apple Inc AAPL Stock Analysis - 2/4/10

The following is technical analysis of Apple Inc. (AAPL) stock for February 4, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 2/4/10

Resistance Levels: $200, $211, $214, $215.59

Support Levels: $190, $188.68, $185

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Apple Inc. (AAPL) tested $200 yesterday but could not hold it. The stock also failed to close back above the 10 day moving average. Support is around $193 right now which I feel is a great place to add to a long position. Having said that, a break below $190 would be bearish and this is where I'd place my stop loss order. A close above $200 would be bullish, a close below $190 would be bearish.

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