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Bullish Moving Average Cross by Apollo Group (APOL)

By Shiri Gupta

Apollo Group (NASDAQ:APOL) shares have crossed bullishly above their 10-day moving average of $11.26 on a volume of 237K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Apollo Group have traded between a low of $10.20 and a high of $34.55 and are now at $11.43, which is 12% above that low price. The 200-day and 50-day moving averages have moved 2.69% lower and 2.36% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Apollo Group on March 25th, 2015 by issuing a Downtrend alert when the shares were trading at $21.79. Since that call, shares of Apollo Group have fallen 49.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses APollo Group

Ticker(s): APOL