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APOL - Apollo Group, IncWeek Ended: 1/20/01
Price 50.00 P/E Ratio 50.70 52 Week High 53.06
Last Week + 0.88 Earnings Date 3/20/01 52 Week Low 18.38
Picked At 52.38 Date Picked 1/9/01 Sector Services
Current 50.00 Open 49.13 Change 1.00
Low 49.13 High 50.19 Volume 843,100

Company Description

Apollo Group is a provider of higher education programs for working adults. APOL offers its services at 55 campuses & 98 learning centers in the United States, Puerto Rico & British Columbia. For the 3 months ended 11/30/00, revenues rose 23% to $177.1M. Net income rose 48% to $24.8M.Revenues reflect an increase in the number of students enrolled for degree programs. Earnings also reflect improved operating margins and increased interest income.

Play Description

January 9, 2001

Houston we have no problem! In fact we have good news. On Tuesday, Apollo Group rocketed to a new 52-week high of $53.06. The company provides higher education programs for working adults. In its most recent earning release on December 19th, APOL posted first quarter FY 2001 record results. Since its earnings release the stock has risen an impressive 52% from $34.00 to today's close at $52.38. Tuesday's new high was achieved on twice the stock's normal trading volume, which indicates that buying was for real. At its present level, we see APOL as a split candidate. The company currently has 76 million shares outstanding with 400 million authorized, plenty of stock to announce a split. To date, APOL has split its stock five times, the most recent occurring in April of 1998. As for trading, we are currently tracking resistance at today's high of $53.06. Support will be measured at the previous consolidation level near $50, and then at the 10-dma at $48.92. Look for a move through $53.06 on volume of 500,000 shares traded by noon EST as a possible entry point. We will cover our downside by placing a stop loss at $48.00.

Picked on January 9th @ $52.38
Change since picked 0.00
Stop Loss at $48.00


January 14, 2001

Late in the day on Friday, Apollo Group took a dip and triggered our stop at $48.00. Despite our accurate split prediction announcement, the stock has succumbed to a bout of selling and bumped us from this play. We are out of this stock for now with a small loss but will watch for another split run opportunity as the company nears it split date in February.

Picked on January 9th @ $52.38
Profit/Loss -4.38 (-8%) (Stopped on Friday at $48.00)
Best Profit +0.43


Copyright 2001

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