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Grand Canyon Education Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Grand Canyon Education (NASDAQ:LOPE) traded at a new 52-week high today of $69.95. So far today approximately 127,000 shares have been exchanged, as compared to an average 30-day volume of 244,000 shares.

Based on a current price of $69.35, Grand Canyon Education is currently 4.3% above its average consensus analyst price target of $66.40. The stock should discover initial support at its 50-day moving average (MA) of $42.48 and subsequent support at its 200-day MA of $39.60.

Grand Canyon Education, Inc. provides online post secondary education services. The Company offers graduate and undergraduate degree programs in disciplines of education, business, and healthcare.

Over the past year, Grand Canyon Education has traded in a range of $31.12 to $69.95 and is now at $69.35, 123% 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 October 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.14. Since that recommendation, shares of Grand Canyon Education have risen 61.1%. We continue to monitor LOPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows grand canyon education

Ticker(s): LOPE