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TMCNet:  Watch for Strayer Education to Potentially Rebound After Falling 17.20% Yesterday

[November 09, 2012]

Watch for Strayer Education to Potentially Rebound After Falling 17.20% Yesterday

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Strayer Education (NASDAQ:STRA) traded in a range yesterday that spanned from a low of $46.08 to a high of $51.85. Yesterday, the shares fell 17.2%, which took the trading range below the 3-day low of $54.81 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend recommended that its subscribers protect gains by selling shares of Strayer Education on July 24th, 2012 by issuing a Downtrend alert when the shares were trading at $93.21. Since that call, shares of Strayer Education have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Strayer Education share prices have moved between a 52-week high of $120.00 and the current low of $46.08 and are currently at $46.51 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.1%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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