Bullish Moving Average Cross by Apollo Group (APOL)
Apollo Group (NASDAQ:APOL) shares have crossed bullishly above their 10-day moving average of $20.28 on a volume of 745K 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, Apollo Group share prices have been bracketed by a low of $18.36 and a high of $54.38 and are now at $20.43, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Apollo Group on October 17th, 2012 by issuing a Downtrend alert when the shares were trading at $22.77. Since that call, shares of Apollo Group have fallen 12.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses APollo Group