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Look for Shares of Grand Canyon Edu to Potentially Rebound after Yesterday's 5.50% Sell Off

By Amy Schwartz

Grand Canyon Edu (NASDAQ:LOPE) traded in a range yesterday that spanned from a low of $113.00 to a high of $126.26. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $125.42 on volume of 638,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Grand Canyon Edu on October 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $114.82. Since that recommendation, shares of Grand Canyon Edu have risen 12.7%. We continue to monitor LOPE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Grand Canyon Edu have traded between a low of $85.14 and a high of $130.10 and are now at $118.09, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

Keywords: rebounders grand canyon edu

Ticker(s): LOPE