Share
of Apple Inc. (AAPL) is trading $500
on Friday.(AAPL)Apple trades below support at $500, levels to watch.The
shares are trading lower by less than a percent.The shares are trading
lower by less than a percent this morning, but are below the $500
support threshold. Last night after the close, Intel (INTC) noted that
it expected little growth in 2013 from its wireless segment. Apple
(AAPL) shares may have fallen on that comment in the after market
yesterday. This morning, news that Sharp was reducing panel orders for
the full-sized iPad, as preferences shift to the mini, (Reuters) and
that sales of the full-sized iPad were below expectations in Q4 (Boy
Genius) may be further souring sentiment. At the current price of $498,
next support is at $492.50. Resistance is at $510.
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