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Tuesday, March 30, 2010

Apple Inc AAPL Stock Analysis - Verizon iPhone Rally

The following is technical analysis of Apple Inc. (AAPL) stock for March 30, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 3/30/10

Resistance Levels: $230, $235-$240, $250

Support Levels: $225, $220, $215.59





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Apple Inc (AAPL) is surging to $236.60 in pre market today as rumors of an iPhone coming to Verizon Inc soon could be a fact soon. Apple will also be releasing a new iPhone and a world phone. The stock is now in my target zone of $235-$240. While I regret selling last week, I will take a 20% gain in less then two months any time. If Apple can close above $240, the next target would be $250. Any pullbacks below $225 from here out are a strong buy!
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