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Upgrade Alert for Grand Canyon Education (LOPE)

By Nick Russo

Grand Canyon Education (NASDAQ:LOPE) was upgraded from Neutral to Outperform at RW Baird today. The stock closed yesterday at $37.31 on volume of 546,000 shares, above average daily volume of 311,000.

Potential upside of 42.2% exists for Grand Canyon Education, based on a current level of $37.31 and analysts' average consensus price target of $53.05. Grand Canyon Education shares should first meet resistance at the 50-day moving average (MA) of $41.95 and find additional resistance at the 200-day MA of $44.66.

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 $36.95 to $51.12 and closed yesterday at $37.31, 1% above that low. The 200-day and 50-day moving averages have moved 0.21% lower and 0.72% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Grand Canyon Education on July 31st, 2014 by issuing a Downtrend alert when the shares were trading at $43.49. Since that call, shares of Grand Canyon Education have fallen 14.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades grand canyon education

Ticker(s): LOPE