Apollo - Above Average Volume Detected | Tech-Corner

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Apollo - Above Average Volume Detected

Published on Friday, 06 January 2012 11:38 Written by Christopher Lynn

apol New York, January 6th (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 5.97%, 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 1.573 times its 3-month average volume, and has calculated support and resistance at $44.31 and $54.58 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 lower by -0.12% from its previous trading close, which means that Apollo stock is outperforming the overall market.

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