Trade Alert - Apollo High Volume

Published on Monday, 19 July 2010 11:39 Written by Christopher Lynn

New York, July 19th (TradersHuddle.com) - Unusual high volume detected on shares of Apollo Group, Inc. (NASDAQ:APOL), early in the trading session. Apollo is currently trading higher by 7.37%, so definitely the buyers stepping in, as the stock's volume is already above average.

Apollo Group, Inc. (NASDAQ:APOL) provides higher education programs mainly for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.

Apollo has already traded 1.496 times its 3-month average volume, and has calculated support and resistance at $41.45 and $52.31 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.2% from its previous trading close, which means that Apollo stock is outperforming the overall market.