By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 11, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/11/10
Resistance Levels: $257, $270
Support Levels: $247, $239, $234, $225
Apple Inc. (AAPL) Support & Resistance Levels - 5/11/10
Resistance Levels: $257, $270
Support Levels: $247, $239, $234, $225
http://stockcharts.com - Chart
Apple Inc (AAPL) is trading around $251 in early trading this morning. Apple Inc was very strong on Monday even on pullbacks in the overall stock market. As I reported over the weekend, I took a long position at $234 on Friday but wish I bought more. If Apple stock falls below $240 going forward, I will be adding more shares. Resistance on the upside is located at the 10 day moving average which is currently $257.05. The stock should find support on pullbacks to the 50 day moving average currently located at $238.59. Apple Inc is a strong buy on any significant pullback. Ipad's are selling like hot cakes!
Apple Inc (AAPL) is trading around $251 in early trading this morning. Apple Inc was very strong on Monday even on pullbacks in the overall stock market. As I reported over the weekend, I took a long position at $234 on Friday but wish I bought more. If Apple stock falls below $240 going forward, I will be adding more shares. Resistance on the upside is located at the 10 day moving average which is currently $257.05. The stock should find support on pullbacks to the 50 day moving average currently located at $238.59. Apple Inc is a strong buy on any significant pullback. Ipad's are selling like hot cakes!
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