APOLLO GROUP INC
(APOL-Nasdaq):
Technical Viewpoint: From a low
of $35.15 on Aug 5, 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 9/9/02
at $42.78. 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 $40.00. Resistance: Is at $43.27.
Point & Figure: Reversed to the upside on Sep 9, 2002. A P&F upside
reversal takes place at $41.50. Summary: Technical indicators have turned bullish. BUY! APOLLO GROUP INC
(APOL-Nasdaq) @ $43.13 Stop: Use a protective stop of $41.13.
APOLLO GROUP INC is currently trading @ $42.78 plus $1.08 on Sep 9, 2002. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1
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