By Tim - http://stockstobuy.org - @stockstobuyThe following is stock technical analysis for Apple Inc. (AAPL) for May 16, 2012
Apple Inc. (AAPL) Support & Resistance Levels - 5/16/12
Resistance - $578
Support - $555
Apple Inc. (AAPL) stock is trading around $554 in pre market on Wednesday. Apple Inc. (AAPL) will have resistance at $568 on this week with nothing major until $578. Apple Inc. (AAPL) is a strong buy on all pullbacks below the 50 day moving average ( currently around $590). 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
