Apple Inc. (AAPL) closed below the 50 day moving average on Friday which is bearish. AAPL will have support located at $350-$355 going into next week. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!
Sunday, August 21, 2011
Apple Inc. (AAPL) Stock Analysis - 8/21/11
By Tim - http://stockstobuy.org
Apple Inc. (AAPL) closed below the 50 day moving average on Friday which is bearish. AAPL will have support located at $350-$355 going into next week. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!
Apple Inc. (AAPL) closed below the 50 day moving average on Friday which is bearish. AAPL will have support located at $350-$355 going into next week. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!
