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Friday, August 6, 2010

Apple Inc AAPL Stock Analysis - 8/6/10

By Tim - http://stockstobuy.org

The following is technical analysis of Apple Inc. (AAPL) stock for August 6, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 8/6/10

Resistance Levels: $266, $279

Support Levels: $250, $240

http://stockcharts.com - Chart

Apple Inc. (AAPL) continues to bounce off the 10 day moving average and hover around $260. Apple Inc still has resistance located at $266 but then nothing until around $279. Apple remains a strong buy around $240 per share. The 10 day moving average recently broke up through the 50 day moving average and this is a buy signal. I still expect Apple to hit $300 by the end of 2010. When Apple breaks out, so will the stock market.

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