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Friday, April 29, 2011

Apple Inc (AAPL) Stock Analysis 4/29/11

By Tim - http://stockstobuy.org

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

Apple Inc (NASDAQ:AAPL) Support & Resistance Levels - 4/29/11

Resistance Levels: $360, $365

Support Levels: $350, $346

http://stockcharts.com - Chart

Apple Inc. (AAPL) continues to sell off after earnings. Apple Inc. (AAPL) would become a buy again below $340. If AAPL does pullback below $340 over the next few weeks, I will add to my long position. AAPL will now have resistance around $353 as well as $360. I continue to like AAPL stock for the long term and think it can hit $425 sometime in 2011 or early 2012.

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