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Saturday, November 13, 2010

Apple Inc (AAPL) Stock Analysis

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for November 13, 2010

Apple Inc Support & Resistance Levels - 11/13/10

Resistance Levels: $312, $321

Support Levels: $300, $292

http://stockcharts.com - Chart

Apple Inc. (AAPL) closed well below the 10 day moving average and has created a short term sell signal. Apple Inc will have support located at $300 as well as $291. Apple remains a strong buy below $291. Investment manager Ken Heebner dumped most of his Apple position from his portfolio recently and this probably added to the downside pressure on Friday. If Apple breaks $300, it may become a great short for a swing trade.

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