The following is technical analysis on Apple Inc (AAPL) stock for November 12, 2010
Apple Inc Support & Resistance Levels - 11/12/10
Resistance Levels: $321, $325
Support Levels: $305, $300, $292
http://stockcharts.com - Chart
Apple Inc. (AAPL) just dropped below $312 in the first hour of trading but the stock market is very weak. Apple Inc will have support located at $300 as well as $291. Apple remains a strong buy below $291. On the upside, Apple has been hitting 52 week high and then pulling back. This suggests that Apple is fairly valued at the moment and getting ready to top out or just trade sideways before making another move higher. I have a feeling Apple will trade between $325-$330 by years end buy the easy money has been made.
Apple Inc Support & Resistance Levels - 11/12/10
Resistance Levels: $321, $325
Support Levels: $305, $300, $292
http://stockcharts.com - Chart
Apple Inc. (AAPL) just dropped below $312 in the first hour of trading but the stock market is very weak. Apple Inc will have support located at $300 as well as $291. Apple remains a strong buy below $291. On the upside, Apple has been hitting 52 week high and then pulling back. This suggests that Apple is fairly valued at the moment and getting ready to top out or just trade sideways before making another move higher. I have a feeling Apple will trade between $325-$330 by years end buy the easy money has been made.
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Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/