Apollo Group, Inc (NASDAQ: APOL) was one
of the few stocks in the green
yesterday. The stock traded at relative strength to the market for the majority
of the day. The market sold off sharply at the end of the trading session and
removed some of the gains that APOL had put in since the morning reversal. APOL
was still able to close in positive
territory regardless of the sell off.
APOL
is currently trading at extremely low RSI levels. The
stock is also approaching a resistance turned support level at 51.40. The combination of these two factors makes APOL worth watching.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time.
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