The following is technical analysis of Apple Inc. (AAPL) stock for July 22, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 7/22/10
Resistance Levels: $262.90, $279
Support Levels: $240, $231, $22
Apple Inc. (AAPL) reported blowout earnings on Tuesday, rallied in the morning on Wednesday, and then dropped throughout the trading day. Apple Inc closed below the 50 day moving average but managed to hold the 10 day. As long as Apple remains above $253, the stock should forma nice base here. If Apple falls back below $250, we could be setting up for another retest of $240 which would be a buy.