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Upgrade Alert for DeVry (DV)

By Shiri Gupta

DeVry (NYSE:DV) was upgraded from Market Perform to Outperform at Barrington today. The stock closed yesterday at $22.93 on volume of 829,000 shares, below average daily volume of 1.0 million.

In the past 52 weeks, DeVry share prices have been bracketed by a low of $15.36 and a high of $34.18 and closed yesterday at $22.93, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.6%.

There is potential upside of 38.5% for shares of DeVry based on a current price of $22.93 and an average consensus analyst price target of $31.75. The stock should find resistance at its 200-day moving average (MA) of $23.11, as well as support at its 50-day MA of $18.13.

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.

SmarTrend recommended that subscribers consider buying shares of DeVry on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.76. Since that recommendation, shares of DeVry have risen 14.2%. We continue to monitor DV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades DeVry

Ticker(s): DV