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Thursday, December 9, 2010

Apple Inc (AAPL) Stock Analysis - 12/9/10

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for December 9, 2010

Apple Inc Support & Resistance Levels - 12/9/10

Resistance Levels: $330

Support Levels: $317, $308

http://stockcharts.com - Chart

Apple Inc. (AAPL) is trading around $320 today as the stock market trades lower. Apple will have resistance located at about $330 after breaking up through the previous 52 week high during the past week. Apple Inc is now making huge gains due to the large move over the past three months. Apple stock is just catching up to the fundamentals of the company. Pullbacks in Apple below $300 will continue to be a strong buy. Longer term, if Apple does correct back to the 200 day moving average, the stock becomes a screaming buy.

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