Apple Shines

01/22/2009 11:34 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

Stocks rebounded nicely Wednesday, and the much better-than-expected earnings announced by Apple (AAPL) after the close pushed it up over 8% in pre-opening trading Thursday. The chart shows good support now at $78-$80, and resistance in the $97-$100 area. A breakout above resistance on heavy volume would complete a bottom.

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