The following is technical analysis of Apple Inc. (AAPL) stock for August 4, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/4/10
Resistance Levels: $266, $279
Support Levels: $250, $240
http://stockcharts.com - Chart
Apple Inc. (AAPL) continues to bounce off the 10 day moving average and hover around $260. Apple Inc still has resistance located at $266 but then nothing until around $279. Apple remains a strong buy around $240 per share. The 10 day moving average recently broke up through the 50 day moving average and this is a buy signal. I still expect Apple to hit $300 by the end of 2010. When Apple breaks out, so will the stock market.