Stock Value: Stock Drives To Key Resistance Before Big Apple Event

Time: 9/01/2010 09:55:00 AM
The stock of Apple, Inc. (NASDAQ:AAPL) is driving to resistance at the 50-day moving average ahead of today’s big Apple event.

The big resistance level ahead of the press conference today at 1pm EST is the 50-day moving average, which was last at $254.34.

In most technical trading systems, a breakout above the 50-day moving average would have to be consider a bullish sign. via timesoftheinternet

Apple Inc. said Monday night that it will live stream its much-anticipated product rollout Wednesday for anyone with recent versions of its software on Macs, iPhones, iPads and iPod touches. AT&T(i) today announced that it has completed the sale of its domestic Japanese outsourcing services operations to Internet Initiative Japan Inc.