Bonzer Wolf™ (bonzerwolf) wrote,
Bonzer Wolf™
bonzerwolf

The Obamanation Continues

Shares of Apollo Group (NASDAQ:APOL) traded at a new 52-week low yesterday of $34.20. Approximately 2.3 million shares have traded hands yesterday vs. average 30-day volume of 5 million shares.

Apollo Group closed at $34.37, approximately 19.3% below its 50-day moving average of $42.57. SmarTrend will be monitoring shares of APOL to see if this bearish momentum will continue.

In the last five trading sessions, the 50-day MA has fallen 2.56% while the 200-day MA has slid 1.21%.

In the past 52 weeks, shares of Apollo Group have traded between a low of $34.80 and a high of $66.69 and are now at $34.37, which is 52% of that high price. The stock has fallen 6.2% since the Downtrend alert was issued.

Apollo was a 5 Star rated value stock by Morningstar and a strong analyst BUY at the beginning of the year.  Then Obama went to war against "for-profit" education.  Obama's actions speak louder than his teleprompter. Obama despises capitalism because he is a pro Marxist Statist. 

We reap what we sow. Electing a Marxist to the Office of President of the United States will always yield a crop of tyranny and financial disaster for the American people to consume. 

Tags: economy, libertarian, obamanation, recession, usa
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