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Apollo Group

Apollo (APOL) Group Setting Up For A Buy.

Trader Apploe Group

APOL has been on my radar for several months now.

After the big earnings drop in October I had sold calls and collected nice premium when shortly thereafter the volatility came crashing down and the stock paddled sideways for a while.

Now the setup is much different: The stock has moved from 34 all the way back up to 44, which coincides with the top of the trading channel (blue dotted lines).

A close above 43 would be a buy signal for me. The nice thing?

The blue zone on the chart is the unfilled portion of the gap from October 14  . . . meaning the ultimate target for the trade would be $49

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