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Thursday, October 26, 2006 

October was always a good time to Buy APOL

Chart courtesy of stockcharts

Shares of APOLLO group start to recover some strength that lost after the earning report. The technical chart (3 year) show that October was always a good time to buy the stock , and after the recent loses this could be a perfect time to accumulate the stock at these levels. Indicator Full stochastic suggest a bounce soon with the fast line crossover slow line, expect trend to turn sideways or higher from here. The stock is also in a very oversold (RSI, Stochastics), as it dropped from 52 to below 36 in about 2 weeks time (30% drop). Keep this stock in your radar.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

Have a nice evening !!!!


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APOL maybe not a good choice because one of the guru (Ron Baron) had reduce the holding in APOL.

Ron Baron is the founder of Baron Cap.

So I guess APOL may loss it's support line.

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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