By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 7, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/7/10
Resistance Levels: $264.12, $270
Support Levels: $245, $225. $200
Apple Inc. (AAPL) Support & Resistance Levels - 5/7/10
Resistance Levels: $264.12, $270
Support Levels: $245, $225. $200
http://stockcharts.com - Chart
Apple Inc (AAPL) crashed with the stock market on 5/6/10 but only a few trades actually went through below $210. Apple then shot back up above $225 and rallied to close above $245 support. I view any pullbacks to the 50 day moving average ( currently $236.93) as a buy as well as pullbacks to the 200 day moving average ($201.48) as an amazing buying opportunity. Through all the craziness in the stock market right now, this is the stock you will want to close your eyes and buy during another downdraft.
Apple Inc (AAPL) crashed with the stock market on 5/6/10 but only a few trades actually went through below $210. Apple then shot back up above $225 and rallied to close above $245 support. I view any pullbacks to the 50 day moving average ( currently $236.93) as a buy as well as pullbacks to the 200 day moving average ($201.48) as an amazing buying opportunity. Through all the craziness in the stock market right now, this is the stock you will want to close your eyes and buy during another downdraft.
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