Trade Ideas: APOL, COCO, STRA

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.

(click to enlarge)

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 !!

(click to enlarge)

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.

(click to enlarge)

Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.
About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

Visit: AC Investor Blog

Be the first to comment

Leave a Reply

Your email address will not be published.