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Bullish Moving Average Cross by Apollo Group (APOL)

By Nick Russo

Today, shares of Apollo Group (NASDAQ:APOL) have crossed bullishly above their 10-day moving average of $7.32 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Apollo Group share prices have moved between a 52-week high of $34.55 and a 52-week low of $6.83 and are now trading 13% above that low price at $7.70 per share. The 200-day and 50-day moving averages have moved 1.23% lower and 2.14% 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 67.6%. 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