Apollo Group (APOL) NewsBite - APOL Hits 52-Week Low

Posted: Monday, November 09, 2009 2:25 PM EDT

Apollo Group (NasdaqNM: APOL) hit a new 52-Week low of $52.79 so far today. Currently the stock is down $0.93 (-1.66%) to $55.06 on 4,764,983 shares traded. Today's low is down $34.94 from a 52-Week high of $90.00. Apollo Group stock has been showing support around $55.22 and resistance in the $56.80 range. Technical indicators for the stock are neutral and S&P gives APOL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on APOL the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

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