Grand Canyon Education saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 83.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest climbs.
Grand Canyon Education broke out earlier, but has fallen back below the prior 202.28 entry from a consolidation. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the most recent consolidation is a later-stage base, and those involve more risk.
Grand Canyon Education saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 9% to 20%. Revenue rose from 5% to 9%.
The company holds the No. 3 rank among its peers in the Consumer Services-Education industry group. Legacy Education is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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