By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for March 22, 2011
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/22/11
Resistance Levels: $340, $346.50
Support Levels: $330, $326,
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed above $340 on Tuesday and is testing the 10 day moving average. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish. Apple will now have resistance up at $346.67. Apple needs to close back above the 50 day moving average and hold for awhile in order for a bottom to be put in. 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 - 3/22/11
Resistance Levels: $340, $346.50
Support Levels: $330, $326,
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed above $340 on Tuesday and is testing the 10 day moving average. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish. Apple will now have resistance up at $346.67. Apple needs to close back above the 50 day moving average and hold for awhile in order for a bottom to be put in. 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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