Below is an image of the 20 day
daily, 30 minute bars chart for Apollo Group Inc (NASDAQ: APOL). As you can
see the stock has pretty much been all over the place, trading between 50.50
and 54.50. As of late, APOL has show very consistent support at 52.50. It even touched
this support line in yesterdays session, and quickly reversed its position.
It is very possible that the 52.50 support level will be tested again today.
P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time.
SwingTrades.com offers Swing & Day Trading Strategies for the full or part-time trader.
Ken Matsumato, who succesfully runs the Swingtrades, is one of the most consistently profitable traders, often recording gains month after month. As of now, he is averaging 36.02% profit per month with Day Trading and 10.77% with Swing Trading Systems!
» Go here to learn more...
|
[ 
Dan Zanger Offers 3 week FREE trial!
