The following is technical analysis of Apple Inc. (AAPL) stock for April 12, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 4/12/10
Resistance Levels: $250
Support Levels: $235, $225, $220
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Apple Inc (AAPL) failed to break a new 52 week high on Friday but came close. Apple Inc doesn't have any resistance until around $250 on the upside after closing above $240 last week. Keep an eye on the 10 day moving average located at $237.05. This rally is sustainable until the stock closes below the 10 day moving average for more then 1 day. If we see AAPL make multiple closes below the 10 day, expect a correction to come.
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Apple Inc (AAPL) failed to break a new 52 week high on Friday but came close. Apple Inc doesn't have any resistance until around $250 on the upside after closing above $240 last week. Keep an eye on the 10 day moving average located at $237.05. This rally is sustainable until the stock closes below the 10 day moving average for more then 1 day. If we see AAPL make multiple closes below the 10 day, expect a correction to come.
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