Apple AAPL Analysis 12/8/08 - December 8, 2008

The following is technical analysis for Apple Inc ( AAPL ) stock for 12/08/08. You can find a chart of this technical analysis by visiting - http://blackberrystocks.com/aapl.html

Apple ( AAPL ) Technical Analysis:

Apple ( AAPL ) appears to getting ready to break out to the upside after closing over the 10 day moving average for the past nine trading sessions. This hasn't happened since back in the spring. I am looking to get long as soon as Apple breaks the $96.23 high and the next resistance level would be located at $100...if AAPL can close over $100, you are looking at testing $112 once again. The real fireworks will happen if you can get a close over $116.40 and $120. As for support, $89 seems to have held on a closing basis over the past several weeks and this is where I'd put my stop. After a long basing period, Apple stock seems to be ready for a major move in my opinion. Watch $96.23

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free