By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for August 23, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/23/10
Resistance Levels: $258, $266, $279
Support Levels: $246, $240
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed below $250 on Friday but held up well despite the sell off. Apple Inc has support located at $246 as well as $240 which is been very solid. As soon as Apple closes back above the 50 day moving average ( $257.89 ), I expect the stock to shoot back into the mid to upper $260's.
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