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Tuesday, October 5, 2010

Apple Inc. (AAPL) Makes $287.29 Intraday High

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for October 5, 2010

Apple Inc Support & Resistance Levels - 10/5/10

Resistance Levels: $290 - $300

Support Levels: $270, $262

http://stockcharts.com - Chart

Apple Inc. (AAPL) hit $287.29 a little bit ago and is now pausing right above It's 10 day moving average. Apple Inc has major support around the $275 level which held on Monday. Apple needs to hold this level or we could see the $260's tested. I would start buying Apple in the $260's and add to my position on additional downside. I have a hard time seeing Apple hold the $300 if the stock gets above that level. Apple needs to show a few more quarters of blowout earnings before Wall Street buys with conviction in the $300's.

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