Technical Apple Review
Over the last three months, Apple has been in a bullish channel that is leading up to the WWDC and 3G iPhone release. Of key interest, the 5-day exponential moving average (5-EMA) is at $186.33, the 20-EMA is $181.98 and the 50-day moving average (50-MA) is $166.91. We will continue to see a bullish trend in the up-coming week. Apple has created a strong triple support level at $181. It finished the week just under the $189 resistance line with the next resistance level being $199.
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