The following is technical analysis of Apple Inc. (AAPL) stock for August 18, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/18/10
Resistance Levels: $258, $266, $279
Support Levels: $246, $240
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed at $253 on Wednesday and is now testing the 10 day moving average. Apple Inc has support around $246 & $240 which are solid long term buying points. Apple is in a downtrend and won't break out of this downtrend until $266 is closed above. iPhone 4 and iPad's continue to fly off the shelves which makes Apple a great long term buy.