The following is technical analysis of Apple Inc. (AAPL) stock for March 8, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 3/8/10
Resistance Levels: $220, $235
Support Levels: $215.59, $204.70, $200, $195
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Apple Inc (AAPL) finally broke and closed above the $215.59 resistance level on Friday. The stock is trading around $220 in pre market this morning. Apple is now in break out mode in advance of the iPad release in a month. Pullbacks to the 50 day moving average ( $204.70 ) are now a strong buy going forward. However, if we do get a pullback, I don't think Apple will trade below $210. My new price target for the next two months is $235 which a $270 price target for the end of 2010.
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