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Bullish Moving Average Cross by Apollo Group (APOL)

By David Diaz

Today, shares of Apollo Group (NASDAQ:APOL) have advanced above their 10-day MA of $25.80 on a volume of 149K shares. Swing traders may find an opportunity 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 $23.30 and a high of $35.25 and are now at $26.04, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 1.15% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Apollo Group on January 6th, 2015 by issuing a Downtrend alert when the shares were trading at $32.29. Since that call, shares of Apollo Group have fallen 21.0%. 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