By Tim - http://stockstobuy.org - @stockstobuyThe following is stock technical analysis for Apple Inc. (AAPL) for May 15, 2012
Apple Inc. (AAPL) Support & Resistance Levels - 5/15/12
Resistance - $578
Support - $555
Apple Inc. (AAPL) stock is rebounding back into the $560's after selling off into the close on Monday. Apple Inc. (AAPL) will have resistance at $574 & $578 on this week with nothing major until $591. Apple Inc. (AAPL) is a strong buy on all pullbacks below the 50 day moving average ( currently around $589 ). If you give Apple (AAPL) the current Facebook (FB) valuation, the stock should be trading at $1200. AAPL stock has price targets above $800 for 2012/2013.
AAPL was on my Top Stock Picks 2012 List and Top Technology Stocks 2012 List.
http://www.stockstobuy.org/forum/topics/apple-aapl-stock-hits-600-is-700-next-aapl
