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Thursday, January 20, 2011

Apple Inc (AAPL) Stock Analysis 1/20/11

By Tim -

The following is technical analysis on Apple Inc (AAPL) stock for January 20, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 1/20/11

Resistance Levels: $340

Support Levels: $330, $322, $308 - Chart

Apple Inc. (AAPL) is selling off again today after the company report blowout earnings on Tuesday ($332.50). Apple Inc (AAPL) will now have resistance located at $340. 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 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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