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Sunday, October 31, 2010

Apple Inc. (AAPL) Closes Near $300

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for October 30, 2010

Apple Inc Support & Resistance Levels - 10/30/10

Resistance Levels: $319, $325

Support Levels: $300, $292, $275

http://stockcharts.com - Chart

Apple Inc. (AAPL) stock closed at $300.98 on Friday. In some of my recent posts, I pointed out that Apple Inc. closed below the 10 day moving average and could be getting ready to test $300. Apple has support down at $291 so this is where I'd put my stop if I was trading it. I would buy into Apple again between $275-$280 if we saw that area retested. Long term, Apple is a great stock but pullbacks are healthy.

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