Apollo Group Inc

For today's chart we've chosen to take a look at APOL because it is trading near an interesting short-term resistance level. As you can see from the chart below, APOL traded within a descending channel for most of the past two years, but this story changed on February 9 when the bulls were able to push the price above the trendline. Notice how the resistance has become an area of short-term support (illustrated by the white arrow) and how the price is now testing the resistance of the February high. We believe that this stock will catch the attention of many technical traders once it moves above the $49 mark.