APOLLO GROUP INC
(APOL-Nasdaq):
Technical Viewpoint: From a low
of $47.26 on Mar 25, 2003 prices
rallied, reaching a
high of $57.91
on May 12, 2003. A
decline saw prices pull back, reaching a
low of
$51.73 on Jun 27, 2003.
Another rally saw prices penetrate
resistance, closing 6/16/03
at $63.25. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 30, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $60.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 4, 2003. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! APOLLO GROUP INC
(APOL-Nasdaq) @ $63.38 Stop: Use a protective stop of $60.88.
APOLLO GROUP INC is currently trading @ $63.25 plus $2.91 on Jun 16, 2003. Price Objective:
$86.00. Risk/Reward: $2.50 VS. $22.62. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$86.00
Risk/Reward:
$2.50 VS. $22.62
Risk/Reward Ratio:
7:1
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