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Saturday, June 2, 2012

Apple (AAPL) Stock Analysis 6/4/12 June 4, 2012

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

The following is stock technical analysis for Apple Inc. (AAPL) for June 4, 2012

Apple Inc. (AAPL) Support & Resistance Levels - 6/4/12

Resistance - $581.50, $592

Support - $560, $550


Apple Inc. (AAPL) could manage to hold up on Friday afternoon while the stock market was tanking. When the stock market tanks, 90% of stocks get sucked down with it as people panic and take profits. Apple Inc. (AAPL) will have resistance at $581.50 & $592 from here on out. Apple Inc. (AAPL) is a strong buy on all pullbacks below the 50 day moving average ( currently around $588). Apple (AAPL) is now the largest holding in my portfolio and I plan to keep buying while the stock is cheap. AAPL has price targets above $900 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

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