50 DMA ($479.93), 100 DMA ($435.37), 200 DMA ($415.69).
Support 1: $575.18 Support 2: $550.04
Apple is now bigger than the entire US retail sector with market capitalization (at $542 billion and counting). Apple was added to MS best idea list today because media tablet shipments outpace fourth quarter targets. Also, Morgan Stanley increases Apple stock price target to $720. iPad3 goes on sale in the U.S. and nine other countries this Friday at 8 a.m. local time, Apple announces on Wednesday. Also, their is a rumor that Apple will launch 15″ MacBook Air this April.
Interesting Apple data:
25B iOS apps downloaded worldwide.
15.5M ipads sold in Q4 2011.
$400 reduced starting price for iPad3
By: Greg Zimny