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Monday, April 16, 2012

Apple Inc (AAPL) Stock Technical Analysis - 4/16/12

The following is technical analysis on Apple Inc (AAPL) stock for April 16, 2012 
 

Apple Inc AAPL Resistance, pivot & Support Levels – 4/16/2012

Resistance levels: $639.97, $632.33, $618.19


Pivot point: $611.14

Support levels: $597.59, $589.95, $576.40




Share of Apple Inc. (AAPL) is closed over $600 on Friday.Next short term support area is $597 if did not hold stock could go $550 area which could be good buying opportunity.Apple has next resistance $620-$625.Long term support level 200 ema.I think stock is buy under $500 any market correction.Is Apple Inc. (AAPL) should trade $700 in 2012?.This is my one of the Top Pick for 2012.

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