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Wednesday, February 29, 2012

Apple (AAPL) Stock Up on iPad 3 Release Date

By Tim - http://stockstobuy.org

The following is stock technical analysis for Apple Inc. (AAPL) for February 29, 2012

Apple Inc. (AAPL) Support & Resistance Levels - 2/29/12

Resistance - $540

Support - $485


Apple Inc. (AAPL) stock hit a new 52 week high on Tuesday after the company plans to release the iPad 3 next week. Apple Inc. (AAPL) will now resistance around $540. Apple Inc. (AAPL) is a strong buy on all major pullbacks to the 50 day moving average. If you give Apple the current Facebook (FB) valuation, AAPL should be trading at $1200. AAPL stock has 2012 price targets between $500-$600.



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