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Apollo Group (APOL) Crosses Pivot Point Support at $46.18

Written on Fri, 07/30/2010 - 12:15pm
By Chip Brian

SmarTrend has detected shares of Apollo Group (NASDAQ:APOL) have bearishly opened below the pivot of $47.26 today and have reached the first level of support of $46.18.
Should the shares continue to fall, we are monitoring the next support pivots of $45.30 and $43.34. Also, the shares should find initial resistance at the 50-day moving average of $48.21 and further resistance at the 200-day moving average of $57.61.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Apollo Group on July 19, 2010 at $48.19. Since the call, the stock has risen -4.3%.

Keywords: APollo Group pivot points

Ticker(s): APOL


Company Information For: APOL

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

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