By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 9, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/9/10
Resistance Levels: $247, $256
Support Levels: $225, $220, $210, $200
Apple Inc. (AAPL) Support & Resistance Levels - 5/9/10
Resistance Levels: $247, $256
Support Levels: $225, $220, $210, $200
http://stockcharts.com - Chart
Apple Inc (AAPL) bounced off $225 for the second straight day if you take away the glitch that happened on Thursday which only a small amount of shares were exchanged below $225. Apple Inc is the only stock I'd be trading right now in this crazy market. If you get caught having to hold on, atleast you are positioned in one of the best companies in the world. $247 is resistance on the upside while $225 is support on the downside. Expect Apple to trade in this range until the market settles down.
Apple Inc (AAPL) bounced off $225 for the second straight day if you take away the glitch that happened on Thursday which only a small amount of shares were exchanged below $225. Apple Inc is the only stock I'd be trading right now in this crazy market. If you get caught having to hold on, atleast you are positioned in one of the best companies in the world. $247 is resistance on the upside while $225 is support on the downside. Expect Apple to trade in this range until the market settles down.
If Apple does fall below $225, I think we could see an even greater pullback to the $210-$220 level. I have a long position in Apple @ $234 and I am actively trading the stock on an intraday basis with additional capital.
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