Sunday, May 22, 2011

Apple Inc (AAPL) Stock Technical Analysis

The following is technical analysis on Apple Inc (AAPL) stock for May 23, 2011
Apple Inc AAPL Resistance, pivot & Support Levels – 05/23/2011

Resistance levels: $346.68, $342.99, $339.10

Pivot point: $337.06

Support levels:$333.17, $331.13, $327.24

Share of Apple Inc. (AAPL) are closed $335 on Friday.Apple will now have resistance up at $345 & $355.Short term support level at $326.I think stock is buy for short term here.I think stock is buy for short term here.AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I am holding long position from low $320.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.