By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 18, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/18/10
Resistance Levels: $257, $265, $270
Support Levels: $250, $247
Apple Inc. (AAPL) Support & Resistance Levels - 5/18/10
Resistance Levels: $257, $265, $270
Support Levels: $250, $247
http://stockcharts.com - Chart
Apple Inc (AAPL) closed back above the 10 day moving average on Monday but is still in a downtrend. Apple Inc is trading around $255.50 in early morning trading as the stock market is higher today. It appears that there is strong support between $247-$250 so I'd be a buyer on pullbacks into this area. I expect Apple to start a new uptrend when the stock closes above $265.
Apple Inc (AAPL) closed back above the 10 day moving average on Monday but is still in a downtrend. Apple Inc is trading around $255.50 in early morning trading as the stock market is higher today. It appears that there is strong support between $247-$250 so I'd be a buyer on pullbacks into this area. I expect Apple to start a new uptrend when the stock closes above $265.
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