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Sunday, April 17, 2011

Apple Inc (AAPL) Stock Analysis 4/17/11

By Tim - http://stockstobuy.org

The following is technical analysis on Apple Inc (AAPL) stock for April 17, 2011

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 4/17/11

Resistance Levels: $338, $340

Support Levels: $330, $326

http://stockcharts.com - Chart

Apple Inc. (AAPL) stock was flat on Friday after GOOG stock tanked on earnings. I bought AAPL just above $330 on Friday morning and plan to add to this position at some point down the road. Apple Inc. (AAPL) will have resistance around $338-$340 from here on out. AAPL should see $400 by the end of 2011 and potentially $500 at some point in 2012 based on earnings. AAPL is a strong buy below $300 if we see an additional correction.

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