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Sunday, March 18, 2012

Apple (AAPL) has speculation that a dividend and/or buyback will soon be announced

The following is technical analysis on Apple Inc (AAPL) stock for March 19, 2012 
 

Apple Inc AAPL Resistance, pivot & Support Levels – 3/19/2012

Resistance levels: $601.71, $595.45, $590.51


Pivot point: $584.25

Support levels: $579.31, $573.05,  $568.11




Apple (AAPL) says it will hold a conference call tomorrow at 9AM ET to discuss its plans for its massive cash balance, which is likely above $100B at this point. Remarks from Tim Cook about how Apple is discussing uses for its cash, as well as other hints, has led to fervent speculation that a dividend and/or buyback will soon be announced.
  
Share of Apple Inc. (AAPL) is trading near 52 weeks high in last week.Next short term support area is $565 which is 9 day moving average and Aaple could good buying opportunity.Aaple has next resistance $600.Long term support level 200 ema.I think stock is buy under $500 any market correction.Apple Inc. (AAPL) should trade $600-$625 in 2012.This is my one of the Top Pick for 2012.

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