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.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

If you liked this article you might like

Blackstone Could See $3 Billion Windfall With Vivint IPO or Sale

DowDupont Closes Higher in First Day of Trading, Company Still Faces Challenges

Apple Is the Tom Brady of Stocks: Cramer's 'Mad Money' Recap (Thursday 8/31/17)

Boeing, Pure Storage, Activision Blizzard: 'Mad Money' Lightning Round

Barnes & Noble Stock Jumps, Said to Be Working With Guggenheim on Potential Sale