Apollo Global Management
Average Volume: 839,768
Volume % Change: 149% Shares of APO are trending higher today after the company reported a 72% increase in first-quarter profit, its best quarterly results as a publically traded alternative asset manager. >>5 Stocks Poised for Breakouts From a technical perspective, APO is gapping higher here right above some near-term support levels at $26 to $25.65 with above-average volume. This move has started to push shares of APO into breakout territory, since the stock is flirting with some near-term overhead resistance levels at $27.38 to $27.56. At last check, APO has hit an intraday high of $28.14 and volume is well above its three-month average action of 839,768 shares. Traders should now look for long-biased trades in APO as long as it's trending above today's low of $26.85 and then once it sustains a move or close above those breakout levels and above today's high of $28.14 with volume that hits near or above 839,768 shares. If APO maintains this move, then this stock will set up to enter new all-time high territory above $28.14, which is bullish technical price action. Some possible upside targets off that move are $30 to $33.