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

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.