Education Stocks In Play: APOL, COCO, CECO, DV

Apollo Group Inc. (NASDAQ:APOL) is a leading online education and training company. The company reported another second quarter loss in it’s legal and financial training units. The stock is declining sharply lower by $4.25 cents to $38.10 a share. Apollo Group stock does have some intra-day support around this $38.00 level. Should this support area fail to hold up the next intra-day support area will be around the $36.00 level. Short term traders can watch for an intra-day bounce around this support area.

Often when a leading stock rallies or declines sharply other stocks in the sector will trade with the stock in sympathy. Therefore, traders should watch stocks such as Corinthian Colleges Inc. (NASDAQ:COCO), and Career Education Corp. (Nasdaq:CECO ), and DeVry Inc. (NYSE:DV ) which are stocks in the same sector that could be in play this morning.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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