The following is technical analysis of Apple Inc. (AAPL) stock for March 26, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 3/26/10
Resistance Levels: $230, $235-$240
Support Levels: $225, $220, $215.59
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Apple Inc (AAPL) made a normal pullback on Thursday but the stock is continuing the uptrend in pre market on Friday. RIMM was upgraded and is dragging the smartphone sector higher. Today is a critical day for Apple, the stock closed below the previous two closes which is bearish but something the stock can easily overcome. I am back on the sidelines for now and will be waiting for the next correction to get back in.
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Apple Inc (AAPL) made a normal pullback on Thursday but the stock is continuing the uptrend in pre market on Friday. RIMM was upgraded and is dragging the smartphone sector higher. Today is a critical day for Apple, the stock closed below the previous two closes which is bearish but something the stock can easily overcome. I am back on the sidelines for now and will be waiting for the next correction to get back in.
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