By Tim - http://stockstobuy.org
The following is technical analysis of Apple Inc. (AAPL) stock for August 27, 2010
Apple Inc. (AAPL) Support & Resistance Levels - 8/27/10
Resistance Levels: $247, $257, $266
Support Levels: $235.56, $231.35
http://stockcharts.com - Chart
Apple Inc. (AAPL) traded down to $235.56 today so that now becomes a level to watch going forward. If Apple Inc breaks back below $235.56, I see it going down to test the $231-$232 area where the 200 day moving average is located. Apple Inc should pick up some buying support down there. On the upside, Apple will begin to recover when it closes back above the 10 day moving average located at $246.05. This would cause the shorts to cover and go long as the technicals would be improving.
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