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Sunday, February 14, 2010

Apple Inc AAPL Stock Analysis - 2/16/10

The following is technical analysis of Apple Inc. (AAPL) stock for February 16, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 2/16/10

Resistance Levels: $211, $214, $215.59

Support Levels: $196, $190, $188.68, $185

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Apple Inc. (AAPL) closed over $200 on Friday and is now testing the 50 day moving average. If Apple can close back over the 50 day moving average, I feel that it can retest the $211 - $215.59 resistance zone. Pullbacks to the 10 day moving average ( around $196) are now a strong buy in my book. As always, keep a tight stop at $190.
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