With the stock market down sharply in early trading on Thursday, Apollo Group (APOL) sticks out a like a sore thumb with a 2+ percent gain. The stock appeared to break support last week, but recovered with a high volume surge on Monday. Today's gain in the face of market weakness shows relative strength.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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