By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for June 14, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 6/14/10
Resistance Levels: $255, $265, $273
Support Levels: $240
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed back above the 50 day moving average on Friday and is now only $1.00 away from closing back above the 10 day moving average. Despite the recent pullback, Apple Inc has been one strong stock! If Apple does close back above the 10 day moving average, I think the stock could trade up near $265 again but face major resistance around that area. If we see a close above $265, I think we will see a new 52 week high soon after. I continue to add to my long position on pullbacks below $245.
Apple Inc. (AAPL) closed back above the 50 day moving average on Friday and is now only $1.00 away from closing back above the 10 day moving average. Despite the recent pullback, Apple Inc has been one strong stock! If Apple does close back above the 10 day moving average, I think the stock could trade up near $265 again but face major resistance around that area. If we see a close above $265, I think we will see a new 52 week high soon after. I continue to add to my long position on pullbacks below $245.
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