By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 12, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/12/10
Resistance Levels: $260, $270
Support Levels: $247, $239, $234, $225
Apple Inc. (AAPL) Support & Resistance Levels - 5/12/10
Resistance Levels: $260, $270
Support Levels: $247, $239, $234, $225
http://stockcharts.com - Chart
Apple Inc (AAPL) closed slightly above the 10 day moving average on Tuesday which is bullish but we need to give this a little more time. Apple Inc has resistance located at $260 which is near Tuesday's high. Support on the downside is located at $247 followed by the 50 day moving average located at $239.54. I will be adding to my long position if the stock ever gets this low again. The buying opportunity that happened last week only comes around every few years.
Apple Inc (AAPL) closed slightly above the 10 day moving average on Tuesday which is bullish but we need to give this a little more time. Apple Inc has resistance located at $260 which is near Tuesday's high. Support on the downside is located at $247 followed by the 50 day moving average located at $239.54. I will be adding to my long position if the stock ever gets this low again. The buying opportunity that happened last week only comes around every few years.
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