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Wednesday, August 25, 2010

Apple Inc AAPL Stock Analysis 8/25/10

By Tim - http://stockstobuy.org

The following is technical analysis of Apple Inc. (AAPL) stock for August 25, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 8/25/10

Resistance Levels: $247.69, $257, $266

Support Levels: $240, $231

http://stockcharts.com - Chart

Apple Inc. (AAPL) broke key support of $240 this morning and is now having trouble getting back above this level. Apple Inc will now be very weak as the shorts continue to press on a broken stock. Apple won't break out of this downtrend until the stock closes back above the 10 day moving average currently located at $247.69. The next major support level is located at $231.35 which was the low a few weeks after the flash crash during the spring.

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