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Friday, March 12, 2010

Apple Inc AAPL Pre Market Stock Analysis

The following is technical analysis of Apple Inc. (AAPL) stock for March 12, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 3/12/10

Resistance Levels: $230, $235

Support Levels: $220, $215.59, $204.70, $200

Apple Inc (AAPL) stock is trading at $226.50 so far in pre market. The next major resistance level is located at $230 followed by $235. Apple will start shipping the iPad in April which will cause more excitement for the stock. From this point forward, any pullback to the 50 day moving average is a strong buy. Apple Inc is breaking out of a 5 month long trading range and I don't expect the stock to fall below $200 again.
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