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Tuesday, March 29, 2011

Apple Inc (AAPL) Stock Analysis 3/29/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for March 29, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 3/29/11

Resistance Levels: $357

Support Levels: $330, $326,

http://stockcharts.com - Chart

Apple Inc. (AAPL) continues to trade around $350. Apple Inc (AAPL) could be continuing the downtrend after making a high in the $350's on Monday and correcting. Apple will now have resistance up at $354.32 & $357. Apple has support located at the 50 day moving average around $347. AAPL remains a strong buy below $300 if we ever see a major correction again but this is now becoming less likely. 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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