By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 21, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/21/10
Resistance Levels: $253, $265, $270
Support Levels: $250, $247, $235
Apple Inc. (AAPL) Support & Resistance Levels - 5/21/10
Resistance Levels: $253, $265, $270
Support Levels: $250, $247, $235
http://stockcharts.com - Chart
Apple Inc (AAPL) closed below the 50 day moving average on Thursday which provided no support whatsoever. The next major resistance level for Apple Inc is located at $225. A close below $225 could bring additional selling pressure down to $200-$210. Apple would be a strong buy at the 200 day moving average located at $205. Besides the flash crash, Apple hasn't traded close to the 200 day in a year.
Apple Inc (AAPL) closed below the 50 day moving average on Thursday which provided no support whatsoever. The next major resistance level for Apple Inc is located at $225. A close below $225 could bring additional selling pressure down to $200-$210. Apple would be a strong buy at the 200 day moving average located at $205. Besides the flash crash, Apple hasn't traded close to the 200 day in a year.
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