Barchart Stock Chart of the Day – December 30, 2008

To understand the power of improving technical signals, I thought that we’d revisit a stock that we first found by searching the Barchart Signals - Top 100 Stocks page two months ago today.

On October 30th, we highlighted Apollo Group (APOL) , the parent corporation of the University of Phoenix. At the time that we featured APOL it was trading at $66.82 and the S&P 500 closed on October 30th at 954.09. Today APOL is trading some 16.3% higher while the S&P 500 has declined 7.5% in the same period.

Apollo Group caught our eye on October 30th for two reasons. First, the sector that it was in, Schools, was particularly strong. Second Apollo’s technical picture was improving from an overall sale to a moderate buy.  
Right now, APOL’s technical score remains a modest buy at a 56% Buy score.

Barchart Opinions for APOL are:

    Short Term Indicators Average: 20% Buy
    Medium Term Indicators Average: 75% Buy
    Long Term Indicators Average: 67% Buy
    Overall Average: 56% Buy

Barchart Trend Spotter Signal: Buy since October 29, 2008.

Sector Performance: APOL is a member of the Schools sector , where it is the second best performing stock out of 19 stocks in the sector. While the sector as a whle has a weighted Alpha of -20.41%, APOL itself has a weighted Alpha of +31.50% indicating that it is significantly stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center .

How we spotted this chart: APOL originally appeared on Barchart Signals page . Specifically we looked for stocks whose signals had improved considerably in the last week and day. Barchart’s color coding of signals makes these searches quick and easy. Today we reviewed the performance of the stock.

Recent Developments:

There are no significant news items for Apollo in the last seven days.