By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for October 6, 2010
Apple Inc Support & Resistance Levels - 10/6/10
Resistance Levels: $290 - $300
Support Levels: $270, $262
http://stockcharts.com - Chart
Apple Inc. (AAPL) is testing the $290 level today as the stock forms a new trading range. 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.
Apple Inc Support & Resistance Levels - 10/6/10
Resistance Levels: $290 - $300
Support Levels: $270, $262
http://stockcharts.com - Chart
Apple Inc. (AAPL) is testing the $290 level today as the stock forms a new trading range. 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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Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
