By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for April 29, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 4/29/10
Resistance Levels: $270, $280, $300
Support Levels: $258, $250, $238
Apple Inc. (AAPL) Support & Resistance Levels - 4/29/10
Resistance Levels: $270, $280, $300
Support Levels: $258, $250, $238
http://stockcharts.com - Chart
Apple Inc (AAPL) bounced off the 10 day moving average on Wednesday and closed near to the highs of the day. Apple is trading at $263.25 in pre market today and could be getting set to rally back above $270 soon. I like Apple as long as it continues to close above the 10 day moving average. If we see the stock close below this level for a few days, the 50 day moving average could be retested. At this point, Apple would be a buy.
Apple Inc (AAPL) bounced off the 10 day moving average on Wednesday and closed near to the highs of the day. Apple is trading at $263.25 in pre market today and could be getting set to rally back above $270 soon. I like Apple as long as it continues to close above the 10 day moving average. If we see the stock close below this level for a few days, the 50 day moving average could be retested. At this point, Apple would be a buy.
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