High Above Average Volume on Apollo

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High Above Average Volume on Apollo

Published on Thursday, 02 February 2012 11:38 Written by Christopher Lynn

apol New York, February 2nd (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 1.13%, 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 1.245 times its 3-month average volume, and has calculated support and resistance at $52.06 and $56.29 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 0.23% from its previous trading close, which means that Apollo stock is outperforming the overall market.

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Apollo Group Inc Stock Downgraded (APOL) - TheStreet.com

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