This morning’s stock trading endeavour led to a profitable trade in Apollo Group Inc. The stock has been trending down, and the online trader always likes to trade with the trend. Notice the 20 and 50 day moving averages falling. The stock gapped down at the open by about 80 cents. This wasn’t an extreme gap for this stock, so the stock trader would be looking for a signal to short.
Monitoring the 5 minute intraday chart gave him a trading entry point in Apollo Group Inc.