By Tim - http://stockstobuy.orgThe following is stock technical analysis for Apple Inc. (AAPL) for March 5, 2012
Apple Inc. (AAPL) Support & Resistance Levels - 3/5/12
Resistance - $550
Support - $485
Apple Inc. (AAPL) stock hit a new 52 week high on Thursday after the company plans to release the iPad 3 this week. Apple Inc. (AAPL) will now resistance around $550. 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.
