Apollo Global Management Inc. (APO) Just Reclaimed the 200-Day Moving Average

Core Viewpoint - Apollo Global Management Inc. (APO) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 200-day moving average, indicating a long-term bullish trend [1]. Technical Analysis - The 200-day simple moving average is a widely-used indicator that helps establish market trends for various financial instruments over the long term, serving as a support or resistance level [2]. - APO has experienced a rally of 7.8% over the past four weeks, and currently holds a Zacks Rank of 3 (Hold), suggesting it may be on the verge of another upward movement [2]. Earnings Estimates - The bullish outlook for APO is further supported by positive earnings estimate revisions, with 7 upward revisions compared to none lower for the current fiscal year, and the consensus estimate has also increased [3]. - The combination of favorable earnings estimate revisions and the achievement of a key technical level positions APO as a stock to watch for potential gains in the near future [3].