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) failed the 10 day moving average on Friday afternoon and is now bouncing off the 50 day moving average located at $258.35. Apple Inc has support all the way down at $250 so if the stock closes below the 50 day, I am looking for a retest of $250. If $250 would fail, Apple has bullet proof support down at $240. On the upside, Apple continues to have major resistance located at $266. As soon as Apple breaks above this level, I think we will see a new 52 week high.
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