Technically, Apollo Group, Inc. (NASDAQ:APOL) just broke out above its 50-day MA at $46.64. The stock price is now riding on an upward movement. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. Next resistance lies at yesterday’s high of $47.91 and then at $48.66.
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Corinthian Colleges, Inc. (NASDAQ:COCO) – The daily chart below shows a symmetrical triangle that is getting narrower by the day. Price will soon break out to the upside or downside. Stay tuned !!
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Strayer Education, Inc. (NASDAQ:STRA) – The technical chart shows a bearish picture for stock with MACD and KD showing weak signal as MACD is below 0 and K line is dropping below D line. Although the Stochastic is clearly oversold, we all know that an oversold indicator, especially the Stochastic within a bearish probability can be misleading. The stock has a strong support in the$99.50 area , but any close below this level could start a new sell off.
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