The following is technical analysis of Apple Inc. (AAPL) stock for February 2, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 2/2/10
Resistance Levels: $197, $204, $211, $214, $215.59
Support Levels: $190, $188.68, $185
Apple Inc. (AAPL) reversed Monday after Amazon Inc (AMZN) was forced to alter It's e-book pricing. Apple also went higher to the overall stock market strength. The 10 day moving average is getting ready to break down through the 50 day moving average which is bearish. This could add some additional technical selling pressure to the stock in the coming weeks. $190 is now support on the downside while $197 will be some strong resistance on the upside. I plan to add to my long position as soon as Apple can close back above $200
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