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Monday, May 2, 2011

Apple Inc (AAPL) Stock Technical Analysis 5/2/11

The following is technical analysis on Apple Inc (AAPL) stock for May 02, 2011
Apple Inc AAPL Resistance, pivot & Support Levels – 05/02/2011

Resistance levels: $361.23, $357.53, $353.83


Pivot point: $350.25

Support levels:$346.55, $342.97, $339.27



Share of Apple Inc. (AAPL) is closed over  $350 on Friday.Apple will now have resistance up at $360 & $365.Short term support level at $326.I think stock is buy for short term here. I think stock is buy for short term here.AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I am holding long position. from low $320.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.Here is last  earning  report.

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