Apollo Global Management
Apollo Global Management ( APO) is an alternative asset management company. This stock closed up 2.1% at $30.02 in Wednesday's trading session.
Wednesday's Volume: 2.19 million
Three-Month Average Volume: 1.01 million
Volume % Change: 117%
From a technical perspective, APO
Traders should now look for long-biased trades in APO as long as it's trending above Wednesday's low of $16.41 or above more support at $16.10, and then once it sustains a move or close above its 52-week high at $18.28 with volume that hits near or above 247,612 shares. If that breakout hits soon, then SWIR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $22 to $25.To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.
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