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Wednesday, February 16, 2011

Apple Inc (AAPL) Stock Analysis 2/16/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for February 16, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 2/16/11

Resistance Levels: $360 - $365

Support Levels: $340

http://stockcharts.com - Chart

Apple Inc. (AAPL) hit a new 52 week high today located at $364.90. Apple Inc (AAPL) is hitting the top level of my $365 area and pausing. Apple will also have major resistance up at $400 which is where some of the low Wall St. estimates are this year. I feel Apple will hit $400 sometime in 2011, the only question is when. AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I will take a new long position. I continue to think Apple Inc. (AAPL) will slowly inch higher over the next 1-2 months.

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