Apple Inc (AAPL) Stock Technical Analysis - 3/5/12

The following is technical analysis on Apple Inc (AAPL) stock for March 5, 2012 
 
Apple Inc AAPL Resistance, pivot & Support Levels – 3/5/2012

Resistance levels: $551.02, $548.91, $547.04

Pivot point: $554.90

Support levels: $543.06, $540.95,  $539.08

Share of Apple Inc. (AAPL) is trading near 52 weeks high inFriday.Next short term support area is $530 which is 9 day moving average and 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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