Morgan Keegan cuts its price target for Apple (AAPL) to $513 from $530 following indications that iPad and Mac sales fell short of expectations in December. Morgan Keegan also lowers its GAAP EPS estimate for the latest quarter to $10.10 from $10.24. Shares +1.1% to $409.35 premarket
Apple (AAPL) has resistance level is $410-$415 and support level is $400.
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