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Monday, May 24, 2010

Apple Inc AAPL Stock Analysis - 5/24/10

By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 24, 2010

Apple Inc. (AAPL) Support & Resistance Levels - 5/24/10

Resistance Levels: $245, $252

Support Levels: $230, $225, $206.37

http://stockcharts.com - Chart

Apple Inc (AAPL) rallied back from the lows on Friday but failed to close above the 50 day moving average. Apple Inc has support around $230 but then down to $225 as well as the 200 day moving average located at $206.37. I have been buying every $10 decline to average into Apple for the long term. Ipad starts selling in nine more countries later this week.

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