Education Stocks In Play

Apollo Group Inc.APOL is a leading online education and training company. The company reported another second quarter loss in its legal and financial training units. The stock is declining sharply lower by $4.25 cents to $38.10 a share. Apollo Group stock does have some intra-day support around this $38.00 level. Should this support area fail to hold up the next intra-day support area will be around the $36.00 level. Short term traders can watch for an intra-day bounce around this support area. Often when a leading stock rallies or declines sharply other stocks in the sector will trade with the stock in sympathy. Therefore, traders should watch stocks such as Corinthian Colleges Inc.COCO, and Career Education Corp.CECO, and DeVry Inc.DV which are stocks in the same sector that could be in play this morning. Nicholas Santiago InTheMoneyStocks.com