Apollo Group Inc - APOL
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April 25, 2007
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|
Last
Trade
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$48.66
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|
Volume
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2,831,936
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52-Week
High
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$56.30
|
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52-Week
Low
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$33.33
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Commentary: For today's chart we've chosen to take a look at APOL
because it is trading near an interesting short-term resistance level. As
you can see from the chart below, APOL traded within a descending channel
for most of the past two years, but this story changed on February 9 when
the bulls were able to push the price above the trendline. Notice how
the resistance has become an area of short-term support (illustrated by
the white arrow) and how the price is now testing the resistance of the
February high. We believe that this stock will catch the attention of many technical
traders once it moves above the $49 mark.
Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
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