Apple Inc (AAPL) Stock Analysis 4/13/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for April 13, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 4/13/11

Resistance Levels: $338, $340

Support Levels: $330, $326

http://stockcharts.com - Chart

Apple Inc. (AAPL) stock traded up to $336 in afterhours on Wednesday and could test $340 on Thursday. Apple Inc (AAPL) has support located at $330 as well as $326. Apple will have resistance between $338-$340. Apple should be able to hold $330 in the short term and start to build a base here. AAPL remains a strong buy below $300 if we ever see a major correction again but this is now becoming less likely. I plan to start taking a position at $320 if we see another correction. 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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