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Sunday, February 27, 2011

Apple Inc (AAPL) Stock Analysis 2/27/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for February 27, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 2/27/11

Resistance Levels: $348, $352

Support Levels: $338.34

http://stockcharts.com - Chart

Apple Inc. (AAPL) closed at $348.16 on Friday. Apple Inc (AAPL) is showing signs of a bottom but it is to early to tell right now. Apple will have resistance between $348-$352 as well as $365. I feel Apple will hit $400 sometime in 2011, the 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 be much higher at the end of the year.

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