The following is technical analysis of Apple Inc. (AAPL) stock for November 30, 2009
Apple Inc. (AAPL) Support & Resistance Levels – 11/30/09
Resistance Levels: $206, $208, $208.71
Support Levels: $200, $195, $185
Apple Inc. (AAPL) fell back below the 10 day moving average Friday with the market sell off. I wouldn’t be to concerned about the drop unless you see a close below $195. This would set up downside risk back to the $185 level which would be met with a flood of buyers. From this point on, if Apple would close below $185, I would be avoiding the stock altogether. On the upside, I will be buying AAPL when it closes over the $208.71 resistance level.
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