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Wednesday, April 20, 2011

Apple Inc (AAPL) Stock Analysis 4/20/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for April 20, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 4/20/11

Resistance Levels: $340, $346

Support Levels: $330, $326

http://stockcharts.com - Chart

Apple Inc. (AAPL) is making a big rally up to the 50 day moving average ahead of earnings tonight. I bought more AAPL at $326.30 on Monday and now have a nice position heading into earnings. Apple Inc. (AAPL) will have resistance around $346 to $354 from here on out. AAPL should see $400 by the end of 2011 and potentially $500 at some point in 2012 based on earnings. AAPL is a strong buy below $300 if we see an additional correction.

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