Apple Inc (AAPL) Stock Technical Analysis - 2/29/12

The following is technical analysis on Apple Inc (AAPL) stock for February 29, 2012 
 
Apple Inc AAPL Resistance, pivot & Support Levels – 2/29/2012

Resistance levels: $548.15, $541.78, $538.59

Pivot point: $532.22

Support levels: $529.03, $522.66,  $519.47

Share of Apple Inc. (AAPL) is trading new 52 weeks high in premarket which is $540.Next short term support area is $470 Aaple could good buying opportunity.Aaple has next resistance $550.Long term support level 200 ema.I think stock is buy under $500 any market correction.Apple Inc. (AAPL) should trade $550-$600 in 2012.This is my one of the Top Pick for 2012.

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