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Monday, March 21, 2011

Apple Inc (AAPL) Stock Analysis 3/21/11

By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for March 21, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/21/11

Resistance Levels: $340, $346.50

Support Levels: $330, $326,

http://stockcharts.com - Chart

Apple Inc. (AAPL) stock is opening up around $336 today as the stock market rises. 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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