By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for August 29, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/29/10
Resistance Levels: $246.27, $257, $266
Support Levels: $235.56, $231.35
http://stockcharts.com - Chart
Apple Inc. (AAPL) rallied into the close on Friday which is a positive sign. Apple Inc. (AAPL) traded down to $235.56 so that now becomes a level to watch going forward. On the upside, Apple will begin to recover when it closes back above the 10 day moving average located at $246.27. This would cause the shorts to cover and go long as the technicals would be improving. Apple is a strong long term buy on anything below $240. You will be happy in 4-6 months.
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