On Wednesday, Grand Canyon Education received an upgrade to its Relative Strength (RS) Rating, from 77 to 81.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Grand Canyon Education is now considered extended and out of buy range after clearing a 157.53 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Grand Canyon Education reported 17% EPS growth in the latest quarterly report, while sales growth came in at 7%.
The company earns the No. 7 rank among its peers in the Consumer Services-Education industry group. Stride, Universal Tech Institute and Adtalem Global Education are among the top 5 highly rated stocks within the group.
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