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Friday, November 12, 2010

Apple Inc (AAPL) Very Weak at the Open - $312

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for November 12, 2010

Apple Inc Support & Resistance Levels - 11/12/10

Resistance Levels: $321, $325

Support Levels: $305, $300, $292

http://stockcharts.com - Chart

Apple Inc. (AAPL) just dropped below $312 in the first hour of trading but the stock market is very weak. Apple Inc will have support located at $300 as well as $291. Apple remains a strong buy below $291. On the upside, Apple has been hitting 52 week high and then pulling back. This suggests that Apple is fairly valued at the moment and getting ready to top out or just trade sideways before making another move higher. I have a feeling Apple will trade between $325-$330 by years end buy the easy money has been made.

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