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Bearish Moving Average Cross by Grand Canyon Education (LOPE)

By Amy Schwartz

Today, shares of Grand Canyon Education (NASDAQ:LOPE) have fallen below their 10-day MA of $43.71 on a volume of 387K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Grand Canyon Education has traded in a range of $31.12 to $45.17 and is now at $42.25, 36% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Grand Canyon Education on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.75. Since that recommendation, shares of Grand Canyon Education have risen 17.0%. We continue to monitor LOPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses grand canyon education

Ticker(s): LOPE