By Tim - http://stockstobuy.org/
The following is technical analysis of Apple Inc. (AAPL) stock for September 1, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 9/1/10
Resistance Levels: $254, $266
Support Levels: $240
http://stockcharts.com - Chart
Apple Inc. (AAPL) is breaking out above the 10 day moving average and is now testing $250. As you know, Apple Inc is having an event this afternoon that could be a market mover. Apple is expected to deliver news on iTunes and possibly bring out a new iPod touch. Apple has resistance located at $250 as well as the 50 day moving average located at $254.31. A close back above this level would be a huge buy signal for big money to get back in.
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