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Wednesday, August 24, 2011

Apple Inc. (AAPL) Stock Analysis - 8/24/11

By Tim -

Apple Inc. (AAPL) is flat this morning and trading around $374. AAPL will have support located at $360 for the rest of the week. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!