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Downgrade Alert for DeVry (DV)

By Nick Russo

DeVry (NYSE:DV) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $15.84 on volume of 2.7 million shares, above average daily volume of 1.0 million.

DeVry, Inc. owns and manages higher education systems throughout North America. The Institutions offers various degrees in a wide range of disciplines, including associate, bachelor's and master's degree programs in technology; healthcare technology; business and management, as well as online secondary education to school districts and medical education.

DeVry share prices have moved between a 52-week high of $34.18 and a 52-week low of $15.81 and closed yesterday at 0% above that low price at $15.84 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.3%.

DeVry has overhead space with shares priced $15.84, or 50.1% below the average consensus analyst price target of $31.75. The stock should find initial resistance at its 50-day moving average (MA) of $18.13 and further resistance at its 200-day MA of $23.11.

SmarTrend is tracking the current trend status for DeVry and will alert subscribers who have DV in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades DeVry

Ticker(s): DV