The following is technical analysis of Apple Inc. (AAPL) stock for April 7, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 4/7/10
Resistance Levels: $235-$240, $250
Support Levels: $225, $220, $215.59
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Apple Inc (AAPL) hit a new 52 week high on Tuesday located at $240.24. Resistance is $240 on a closing basis as well as $250. Apple continues to slowly grind higher with pullbacks to the 10 day moving average offering a solid buying opportunity. At this point, I would not be a buyer unless there was a meaningful pullback. I liked Apple a lot below $200 but buying this $50 point move without a correction is risky to me.
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Apple Inc (AAPL) hit a new 52 week high on Tuesday located at $240.24. Resistance is $240 on a closing basis as well as $250. Apple continues to slowly grind higher with pullbacks to the 10 day moving average offering a solid buying opportunity. At this point, I would not be a buyer unless there was a meaningful pullback. I liked Apple a lot below $200 but buying this $50 point move without a correction is risky to me.
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