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Friday, March 25, 2011

Apple Inc (AAPL) Stock Analysis 3/25/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for March 25, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/25/11

Resistance Levels: $346.76

Support Levels: $330, $326,

http://stockcharts.com - Chart

Apple Inc. (AAPL) is trading in the $347's as we close out pre market today. Apple Inc (AAPL) continues to trade below the 50 day moving average which is technically bearish but things are starting to look better. Apple will now have resistance up at $346.67. Apple needs to close back above the 50 day moving average and hold for awhile in order for a bottom to be put in. 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 $500 per share.

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