By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for January 17, 2011
Apple Inc Support & Resistance Levels - 1/17/11
Resistance Levels: $350
Support Levels: $333.86, $330
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed at $348.48 on Friday but will be crushed Tuesday due to another leave of absence by Steve Jobs. Apple Inc (AAPL) will now have support around the $322 area which is the 50 day moving average. 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 have been a strong buy. If Apple ever fell below $300 again, I will take a new long position.
Apple Inc Support & Resistance Levels - 1/17/11
Resistance Levels: $350
Support Levels: $333.86, $330
http://stockcharts.com - Chart
Apple Inc. (AAPL) closed at $348.48 on Friday but will be crushed Tuesday due to another leave of absence by Steve Jobs. Apple Inc (AAPL) will now have support around the $322 area which is the 50 day moving average. 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 have been a strong buy. If Apple ever fell below $300 again, I will take a new long position.
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