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Thursday, November 18, 2010

Apple Inc (AAPL) Stock Back to $308

By Tim -

The following is technical analysis on Apple Inc (AAPL) stock for November 18, 2010

Apple Inc Support & Resistance Levels - 11/18/10

Resistance Levels: $312, $321

Support Levels: $300, $292 - Chart

Apple Inc. (AAPL) stock is back up to %308 and looks strong in early trading today. Apple Inc will have support located at $300 today as well as $291. Apple remains a strong buy below $291.

Apple is in a mini downtrend at the moment and won't really break out of it until the stock closed back above $311. With the 50 day moving average at $296.74 and rising, Apple should hang around the $291-$300 zone for a little while before the next major move.

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