Thursday, June 03, 2010

Apple Inc, AAPL - Stalls At Resistance


Above is a daily chart of Apple Inc. (AAPL). As you can see this stock is pausing at resistance which comes in at 265. What I'd like to see is for this stock to consolidate here for a few days so that we can buy the breakout. A tight consolidation over the next few days would be the perfect spring board for AAPL to  break out of so that it can retest the highs from April.

Today Apple Inc. closed at 263.12 which was down .83 from Wednesday's close.

Posted by Kevin

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