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Monday, October 25, 2010

Apple Inc. (AAPL) Forming a Base

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for October 25, 2010

Apple Inc Support & Resistance Levels - 10/25/10

Resistance Levels: $320, $325

Support Levels: $300, $292, $275

http://stockcharts.com - Chart

Apple Inc. (AAPL) is bouncing off the 10 day moving average today which is located at $308.06. If Apple Inc. would close below this level, I think you would see some technical selling in the stock. Apple is currently trading well above it's 50 & 200 day moving averages. Historically, Apple finds some way to eventually test these averages. While the stock is forming a solid base above $300, the stock still has resistance located at $319. Support on the downside is located at $300 as well as $275.

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