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The following is technical analysis on Apple Inc (AAPL) stock for January 18, 2011
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 1/18/11
Resistance Levels: $339.30, $350
Support Levels: $322, $308
http://stockcharts.com - Chart
Apple Inc. (AAPL) is down 3.70% today and is holding up well ahead of earnings tonight. Apple Inc (AAPL) will now have resistance located at $339.30 which is the 10 day moving average. Several analysts on Wall St. have 2011 price targets up in $400's on Apple. I feel Apple will hit $400 sometime in 2011, the question is when. The Steve Jobs news is to be expected and one day he will step down as CEO. AAPL may have made a short term top but we will have to see what the reaction to earnings is tonight . If Apple ever fell below $300 again, I will take a new long position.
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 1/18/11
Resistance Levels: $339.30, $350
Support Levels: $322, $308
http://stockcharts.com - Chart
Apple Inc. (AAPL) is down 3.70% today and is holding up well ahead of earnings tonight. Apple Inc (AAPL) will now have resistance located at $339.30 which is the 10 day moving average. Several analysts on Wall St. have 2011 price targets up in $400's on Apple. I feel Apple will hit $400 sometime in 2011, the question is when. The Steve Jobs news is to be expected and one day he will step down as CEO. AAPL may have made a short term top but we will have to see what the reaction to earnings is tonight . If Apple ever fell below $300 again, I will take a new long position.
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