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Monday, May 7, 2012

Apple (AAPL) Stock Analysis 5/7/12

By Tim - http://stockstobuy.org - @stockstobuy

The following is stock technical analysis for Apple Inc. (AAPL) for May 7, 2012

Apple Inc. (AAPL) Support & Resistance Levels - 5/7/12

Resistance - $578

Support - $555


Apple Inc. (AAPL) stock closed around $565 on Friday. Apple Inc. (AAPL) will have resistance at $578 on Monday but then nothing major until $592. Apple Inc. (AAPL) is a strong buy on all pullbacks below the 50 day moving average ( currently around $585 ). If you give Apple (AAPL) the current Facebook (FB) valuation, the stock should be trading at $1200. AAPL stock has price targets above $800 for 2012/2013.

AAPL was on my Top Stock Picks 2012 List and Top Technology Stocks 2012 List.


http://www.stockstobuy.org/forum/topics/apple-aapl-stock-hits-600-is-700-next-aapl

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