Back on October 20, APT broke 100.00 for the first time, with an...

Back on October 20, APT broke 100.00 for the first time, with an intraday high of 105.80. This basically became a resistance line.^[1]

It took nearly two months for that tightly coiled spring to break out to the upside, with a new close of 109.93.^[2]

A few days later, APT catapulted to over $120. This however was followed by a big red candle,^[3] suggesting a large amount of profit taking on very high volumes (over 6 million). While the fall was very large on that day (-7.5%), it nonetheless closed above the December 14 close (see blue lines).

Since then, the price has recovered somewhat. The close on Christmas Eve (115.95) was APT's second highest on record, though daily volumes have been slipping under the 20MA for volume (orange line on the bottom panel).



Over the last six months, the 50EMA has been tested twice, and has proven to be a support level. The 50EMA itself also crossed 100.00 (pink line), just in time for Christmas: