The following is technical analysis of Apple Inc. (AAPL) stock for March 22, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 3/22/10
Resistance Levels: $227.73, $230, $235
Support Levels: $220, $215.59
Apple Inc (AAPL) closed below the 10 day moving average on Friday which is a bearish short term signal. Apple Inc has support between $215-$216 and I'd be a buyer of any pullbacks into this zone. On the upside, If Apple closes above $227.73, I think it could reach $235-$240. Long term, this is one of favorite stocks right now due to It's cheap valuation. Instead of viewing AAPL as a $227 stock, think of it as a stock that is worth $22.70.
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