Apple Inc AAPL Stock Analysis - 12/16/09

The following is technical analysis of Apple Inc. (AAPL) stock for December 16, 2009

Apple Inc. (AAPL) Support & Resistance Levels - 12/16/09

Resistance Levels: $196.78, $200, $208.71

Support Levels: $194.49, $188.68, $185, $177

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Apple Inc. (AAPL) closed back below the 10 & 50 day moving averages but is testing $195 in pre market trading. The new resistance area has moved up to $199.70-$200. I think Apple could surge if we saw a close above $200. On the downside, pullbacks to $190 are attractive with a stop at $188. A close below $188 at any time would be very bearish.

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