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Monday, February 7, 2011

Apple Inc (AAPL) Stock Analysis 2/7/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for February 7, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 2/7/11

Resistance Levels: $360

Support Levels: $338

http://stockcharts.com - Chart

Apple Inc. (AAPL) is ripping into the $350's and hitting a fresh 52 week high. Apple Inc (AAPL) will now have resistance up at $360-$365. Apple will have major resistance up at $400 which is some of the low Wall St estimates this year. 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 fell 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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