![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR0OYy8_S9-bBWCJ9_cKa1UBZdXvfRc0Dch74W3cXHL3gawhuZz_mTpg38bPajr5KiULr9zmg8TMStSw4cfYmyKepMrw9CuplNC2JIiXjPdV9BKmC-1edy0wMNrU6Vu0E-exSASXZ0PNMo/s320/aapl3.png)
The following is stock technical analysis for Apple Inc. (AAPL) for March 5, 2012
Apple Inc. (AAPL) Support & Resistance Levels - 3/5/12
Resistance - $550
Support - $485
Apple Inc. (AAPL) stock hit a new 52 week high on Thursday after the company plans to release the iPad 3 this week. Apple Inc. (AAPL) will now resistance around $550. Apple Inc. (AAPL) is a strong buy on all major pullbacks to the 50 day moving average. If you give Apple the current Facebook (FB) valuation, AAPL should be trading at $1200. AAPL stock has 2012 price targets between $500-$600.