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Tuesday, March 8, 2011

Apple Inc (AAPL) Stock Analysis 3/8/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for March 7, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/7/11

Resistance Levels: $380, $400

Support Levels: $350

http://stockcharts.com - Chart

Apple Inc. (AAPL) continues to rally from the recent lows. Apple Inc (AAPL) is trading back above all three major moving averages which is bullish. Apple will now have resistance up at $365 followed by $380. 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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