Follow @stockstobuy
Apple (AAPL) stock formed a short term double bottom on Thursday after the stock held $419 and reversed into the $430's. Apple (AAPL) must now continue to hold $419 or we will be looking at a retest of $400. If Apple (AAPL) can manage to close above $440 in the short term with heavy volume, there is a good chance the bottom is in at $419.
Apple (AAPL) has strong support between $405-$420 as well as the $390's. With a dividend increase imminent, I don't see much downside for the stock from here. Continue to buy the big dips, sell into rallies.
Also see - Top Stocks 2013 - Top Stock Gainers 2013
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeB1AqF0Dyco2PENpotKT6wxpZGp-hl9wXnCswz2Kq95MzfBkeTxcaRlYaJrPBpXBbmt4SNIv6bsTGaKUOp8I5a47YIkZGBxLxteGpanDKWfwIzj9NfPIORm_uMWCTib2oV1M14qKb9ujO/s320/aapl3.png)