By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for July 20, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 7/20/10
Resistance Levels: $262.90, $279
Support Levels: $240, $231, $223
http://stockcharts.com - Chart
Apple Inc. (AAPL) is trading at $242 ahead of earnings tonight. Apple Inc is holding up very well despite the stock market deeply in the red today but I still expect a solid earnings report tonight. As for buying Apple stock, I will be an aggressive buyer on a retest of the 200 day moving average located at $223. I plan to add to my current long position tonight if the stock trades down there for some reason. Expect Apple to be halted ahead of the results after the close tonight.
Apple Inc. (AAPL) is trading at $242 ahead of earnings tonight. Apple Inc is holding up very well despite the stock market deeply in the red today but I still expect a solid earnings report tonight. As for buying Apple stock, I will be an aggressive buyer on a retest of the 200 day moving average located at $223. I plan to add to my current long position tonight if the stock trades down there for some reason. Expect Apple to be halted ahead of the results after the close tonight.
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