APOLLO GROUP INC
(APOL-Nasdaq):
Technical Viewpoint: From a low
of $30.60 on Jul 22, 2002 prices
rallied, reaching a
high of $43.27
on Aug 16, 2002. A
decline saw prices pull back, reaching a
low of
$38.05 on Aug 28, 2002.
Another rally saw prices penetrate
resistance, closing 8/29/02
at $42.18. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $43.27.
Point & Figure: Reversed to the upside on Aug 29, 2002. A P&F upside
reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! APOLLO GROUP INC
(APOL-Nasdaq) @ $42.38 Stop: Use a protective stop of $40.38.
APOLLO GROUP INC is currently trading @ $42.18 plus $3.76 on Aug 28, 2002. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $12.63. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $12.63
Risk/Reward Ratio:
6:1
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