Apollo Group (APOL): Death Cross

Apollo Group (APOL) just flashed a death cross.

Apollo Group (APOL)
CLICK IMAGE TO VIEW AT FULL SIZE

APOL broke a key uptrend line. Will this turn into a resistance area?

Will the bears be aiming at the November 2010 lows?

For Reference

The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.