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.
