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Tuesday, January 18, 2011

Apple Inc (AAPL) Stock Analysis 1/18/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for January 18, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 1/18/11

Resistance Levels: $350

Support Levels: $330, $322, $308

http://stockcharts.com - Chart

Apple Inc. (AAPL) just reported an earnings blowout and is now trading at $351 in afterhours tonight. Apple Inc (AAPL) will now have resistance located at $350 tomorrow at the open which is near the current 52 week high. 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. The Steve Jobs news is to be expected and one day he will step down as CEO. AAPL has excellent management and a great vision for the future. If Apple stock ever fell below $300 again, I will take a new long position.

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