Apple Inc. (AAPL) is trading at $397.50 at the open on Friday Apple Inc. (AAPL) will continue to be fine unless the stock breaks back below $390. Apple Inc. (AAPL) needs to hold $390 or we could see the stock enter a new downtrend. AAPL will have resistance up around $407. Apple Inc. (AAPL) could now be an interesting short trade over the next three months.