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Thursday, March 17, 2011

Apple Inc (AAPL) Stock Analysis 3/17/11

By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for March 17, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/17/11

Resistance Levels: $347 - $350

Support Levels: $330, $326

http://stockcharts.com - Chart

Apple Inc. (AAPL) stock closed in the $334's after being upgraded on Thursday. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish. Apple will now have resistance up at $347 followed by $350. Apple should test $400 at some point later this year but it is in a downtrend right now. 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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