By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for March 20, 2011
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/20/11
Resistance Levels: $340, $346.50
Support Levels: $330, $326,
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed the day very weak but managed to end above $330. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish. Apple will now have resistance up at $340 followed by $346.50. Apple may see further weakness next week due to the 10 day moving average breaking down through the 50 day. 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 $500 per share.
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/20/11
Resistance Levels: $340, $346.50
Support Levels: $330, $326,
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed the day very weak but managed to end above $330. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish. Apple will now have resistance up at $340 followed by $346.50. Apple may see further weakness next week due to the 10 day moving average breaking down through the 50 day. 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 $500 per share.
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