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Next Support Level for Apple Inc (AAPL) is $188.28

By Nick Russo

Shares of Apple Inc (NASDAQ:AAPL) have bearishly opened below the pivot of $190.64 today and have reached the first support level of $189.67. Should the shares continue to fall, the support pivots of $188.28 and $185.92 will be of interest.

There is potential upside of 3.4% for shares of Apple Inc based on a current price of $189.64 and an average consensus analyst price target of $196.06. Apple Inc shares should first meet resistance at the 200-day moving average (MA) of $192.46 and find additional resistance at the 50-day MA of $194.85.

Over the past year, Apple Inc has traded in a range of $142.00 to $233.47 and is now at $189.64, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Apple Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apple Inc in search of a potential trend change.

Keywords: pivot alerts apple inc

Ticker(s): AAPL