By Tim - http://stockstobuy.orgThe following is stock technical analysis for Apple Inc. (AAPL) for March 7, 2012
Apple Inc. (AAPL) Support & Resistance Levels - 3/7/12
Resistance - $540
Support - $526, $516
Apple Inc. (AAPL) dropped hard on Tuesday but rallied back into the close. AAPL stock is trading around $533 in pre market this morning. 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 above $600-$700.
