By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for May 26, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 5/26/10
Resistance Levels: $251, $265
Support Levels: $245, $237, $230, $225
http://stockcharts.com - Chart
Apple Inc (AAPL) rallied back hard on Tuesday to close flat on the day. Apple will start selling the iPad in 9 more countries on Friday and rumors of a new 4G iPhone are out there as well. On top this rumor, another rumor has surfaced that Sprint will begin selling the iPhone to It's customers very soon. As for Apple stock, I continue to add to my long position and will do so again if the stock falls below $235. Resistance on the upside is now $251 and $265, then It's smooth sailing to a new 52 week high.
Apple Inc (AAPL) rallied back hard on Tuesday to close flat on the day. Apple will start selling the iPad in 9 more countries on Friday and rumors of a new 4G iPhone are out there as well. On top this rumor, another rumor has surfaced that Sprint will begin selling the iPhone to It's customers very soon. As for Apple stock, I continue to add to my long position and will do so again if the stock falls below $235. Resistance on the upside is now $251 and $265, then It's smooth sailing to a new 52 week high.
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