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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