By Tim - http://stockstobuy.org/
The following is technical analysis of Apple Inc. (AAPL) stock for August 31, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/31/10
Resistance Levels: $244.83, $257, $266
Support Levels: $232.05, $231.35
http://stockcharts.com - Chart
Apple Inc. (AAPL) has been showing signs of a rebound during the past few trading days. Apple Inc still has resistance located at the 10 day moving average ( currently $244.83 ) so if the stock doesn't close above this level and hold, we could be looking at the first retest of the 200 day moving average ( now $232.05 ) in a long time. If Apple can manage to take back the 10 day moving average, I think we could see the stock rise back into the $250's. Apple remains a solid long term buy below $240.
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