By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 10, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/10/10
Resistance Levels: $259, $270
Support Levels: $247, $240, $234, $225
Apple Inc. (AAPL) Support & Resistance Levels - 5/10/10
Resistance Levels: $259, $270
Support Levels: $247, $240, $234, $225
http://stockcharts.com - Chart
Apple Inc (AAPL) is trading at $252 in early trading today as the stock market soars. Apple will now have support at $247 on the downside and will need to hold this level on a closing basis. If Apple can close above the 10 day moving average this week, it will trigger a new buy signal. All pullbacks below $240 from here on out are a strong buy. I won't be selling my Apple shares that I bought around $234 until 2011 at the latest. I hope to add to my position along the way.
Apple Inc (AAPL) is trading at $252 in early trading today as the stock market soars. Apple will now have support at $247 on the downside and will need to hold this level on a closing basis. If Apple can close above the 10 day moving average this week, it will trigger a new buy signal. All pullbacks below $240 from here on out are a strong buy. I won't be selling my Apple shares that I bought around $234 until 2011 at the latest. I hope to add to my position along the way.
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