The following is technical analysis of Apple Inc. (AAPL) stock for August 25, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/25/10
Resistance Levels: $248.17, $257, $266
Support Levels: $240, $231.35
http://stockcharts.com - Chart
Apple Inc. (AAPL) broke down below $240 this morning but then rallied into the close. Apple Inc needs to hold $240 over the next few days for today's bottom to be low. I am watching the 10 day moving average currently located at $248.17. If Apple can close back above this level, look for the 50 day moving average to be retested. If Apple breaks today's $237.20 low, I look for the $231 area to be tested. Either way, Apple remains a strong buy at $240 or below.