The following is technical analysis of Apple Inc. (AAPL) stock for March 16, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 3/16/10
Resistance Levels: $230, $235
Support Levels: $220, $215.59, $204.70, $200
Apple Inc (AAPL) pulled back to the 10 day moving average on Monday but is indicated to open up at $225 on Tuesday. Resistance is now located at the $227.73 high from Friday as well as the $230-$235 zone. I would be a buyer of any pullbacks under $220 but for now, it looks like $220 will hold. Apple Inc iPad sales were decent over the weekend but I feel this product will heat up over time just as the Kindle did.
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