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Sunday, March 13, 2011

Apple Inc (AAPL) Stock Analysis 3/13/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for March 13, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/13/11

Resistance Levels: $361.67, $380, $400

Support Levels: $350

http://stockcharts.com - Chart

Apple Inc. (AAPL) closed at $352 on Friday. Apple Inc (AAPL) is trading back above all three major moving averages which is bullish. Apple will now have resistance up at $361.67 followed by $365. I feel Apple will hit $400 sometime in 2011, the question is when. AAPL remains a strong buy below $300 if we ever see a major correction again. I continue to think Apple Inc. (AAPL) will be much higher by the end of the year. The last major upgrade for Apple was $450 per share.

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