Apple Inc AAPL Resistance, pivot & Support Levels – 4/25/2012
Resistance levels: $692.50, $653.87, $633.00
Pivot point: $594.17
Support levels: $573.72, $534.47, $514.02
Share of Apple (AAPL): FQ2 EPS of $12.30 beats by $2.24. Revenue of $39.2B (+59% Y/Y) beats by $2.4B. 35.1M iPhones sold, 11.8M iPads. Apple's FQ2: The company is guiding for FQ3 revenue of $34B and EPS of $8.68, below a consensus of $37.4B and $9.93, though guidance is typically conservative. 35.1M iPhone sales beat whisper number of 32M, though 11.8M iPad sales fall short of a whisper of 13M. 4M Macs sold, in-line with lowered expectations. 7.7M iPods sold, down 15% Y/Y. AAPL +7.6% AH.Share of Apple Inc. (AAPL) is closed over $560 on Tuesday. But stock is trading over $612 in premarket.Next short term support area is $590.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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