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Apple (AAPL) stock formed a short term double bottom last week after the stock held $419 and reversed into the $430's. Apple (AAPL) continues to get hit with downgrades as analysts throw cut price targets due to the large stock drop. 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
