Apple (AAPL) Stock Analysis 5/8/12

By Tim - http://stockstobuy.org - @stockstobuy

The following is stock technical analysis for Apple Inc. (AAPL) for May 8, 2012

Apple Inc. (AAPL) Support & Resistance Levels - 5/8/12

Resistance - $578

Support - $555

Apple Inc. (AAPL) stock is back trading around $570 today. Apple Inc. (AAPL) will have resistance at $578 on Tuesday with nothing major until $592. Apple Inc. (AAPL) is a strong buy on all pullbacks below the 50 day moving average ( currently around $586 ). 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-dividend-stock-split-in-2012

http://www.stockstobuy.org/forum/topics/apple-aapl-stock-hits-600-is-700-next-aapl