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Sunday, February 6, 2011

Apple Inc (AAPL) Stock Analysis 2/6/11

By Tim -

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

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 2/6/11

Resistance Levels: $350

Support Levels: $335 - Chart

Apple Inc. (AAPL) stock closed at $346.50 on Friday. Apple Inc (AAPL) will have resistance located at $348.60 this week. 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. I think Apple Inc. (AAPL) will slowly inch higher over the next 1-2 months.

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