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Monday, October 18, 2010

Apple Inc (AAPL) Hits $319 Ahead of Earnings

By Tim -

The following is technical analysis on Apple Inc (AAPL) stock for October 18, 2010

Apple Inc Support & Resistance Levels - 10/18/10

Resistance Levels: $320, $325

Support Levels: $300, $275, $262 - Chart

Apple Inc. (AAPL) stock hit $319 ahead of earnings tonight. Apple Inc is expected to report another solid quarter fueled by sales of iPhones and iPads. As for Apple stock, it is priced for perfection but international growth will likely be the upside catalyst. Apple will now have support located at $300, if the stock breaks down through there, look out below. Apple will have resistance on the upside at $325-$330.

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