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Saturday, December 14, 2013

Apple (AAPL) Stock Analysis 12/16/13 December 16, 2013

Apple (AAPL) Stock Analysis 12/16/13 December 16, 2013 -

 
 

Apple (AAPL) stock took a dip on Friday and closed below the 10 day moving average.  Six months ago this would have started a major downtrend but times have surely changed.  If Apple (AAPL) pulls back to meet the 50 day moving average around $530, expect buyers to show up in droves.

Carl Icahn continues to promote Apple (AAPL) and as long as he remains a shareholder, I don't see the stock dropping much from here.  Apple (AAPL) will have support at $545 and resistance at $575.

Also see - Top Stocks 2014 - Top Stock Gainers 2013