By Tim - http://stockstobuy.org
The following is technical analysis on Apple Inc (AAPL) stock for March 15, 2011
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/15/11
Resistance Levels: $355, $362
Support Levels: $340, $337
http://stockcharts.com - Chart
Apple Inc. (AAPL) bounced off $340 today but is starting to look weak technically. Apple Inc (AAPL) has not closed below the 50 day moving average since last September. Apple will now have resistance up at $355 followed by $362. I feel Apple will hit $400 sometime in 2011, probably later in the year. AAPL remains a strong buy below $300 if we ever see a major correction again. I continue to think Apple Inc. (AAPL) will be much higher by the end of the year. The last major upgrade for Apple was $450 per share.
Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/15/11
Resistance Levels: $355, $362
Support Levels: $340, $337
http://stockcharts.com - Chart
Apple Inc. (AAPL) bounced off $340 today but is starting to look weak technically. Apple Inc (AAPL) has not closed below the 50 day moving average since last September. Apple will now have resistance up at $355 followed by $362. I feel Apple will hit $400 sometime in 2011, probably later in the year. AAPL remains a strong buy below $300 if we ever see a major correction again. I continue to think Apple Inc. (AAPL) will be much higher by the end of the year. The last major upgrade for Apple was $450 per share.
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