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Thursday, September 2, 2010

Apple Inc. (AAPL) Trading Momentum Continues

By Tim - http://stockstobuy.org/

The following is technical analysis of Apple Inc. (AAPL) stock for September 2, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 9/2/10

Resistance Levels: $254, $266

Support Levels: $240

http://stockcharts.com - Chart

Apple Inc. (AAPL) is trading near $252 this morning after yesterday's positive announcement. Apple Inc will now face resistance located at $254.32 which is the 50 day moving average. If Apple can close above this level, I think it can run back to $260-$266 easily. Apple remains a strong buy on pullbacks below $240.

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