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Thursday, January 6, 2011

Apple Inc (AAPL) Stock Analysis 1/16/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for January 6, 2011

Apple Inc Support & Resistance Levels - 1/6/11

Resistance Levels: $340

Support Levels: $325, $320

http://stockcharts.com - Chart

Apple Inc. (AAPL) hit a 52 week high on Thursday located at $335.25. Apple Inc (AAPL) will now have resistance located at $340 followed by $350. Several analysts on Wall St. have 2011 price targets up in $400's on Apple. I feel Apple will hit $400 sometime in 2011, the question is when. AAPL has been climbing steadily for the past three months and all pullbacks been a strong buy. If Apple ever fell below $300 again, I would take a long position.

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