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Friday, May 14, 2010

Apple Inc AAPL Stock Analysis - 5/14/10

By Tim - http://stockstobuy.org

The following is technical analysis of Apple Inc. (AAPL) stock for May 14, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 5/14/10

Resistance Levels: $270, $280

Support Levels: $250, $247

http://stockcharts.com - Chart

Apple Inc (AAPL) is pulling back to the 10 day moving average as Ipad's continue to sell out in most stores. Apple Inc should have some nice support around this $255-$256 level but if we see a close below this level, we could easily see a retest of $247-$250. I'd be an aggressive buyer again if Apple fell below $240.

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