Long Position on LOPE @ $39.11 on 10/8/2013 (Momentum)

Grand Canyon Education (LOPE) provides postsecondary education services in the United States and Canada.

It focuses on offering graduate and undergraduate degree programs in the areas of education, healthcare, business, and liberal arts. The company offers its programs through campus in Phoenix, Arizona; online; and onsite at facilities of employers. As of December 31, 2012, it had 52,292 students enrolled in its courses. 

The Company’s colleges include Grand Canyon University offers online, and campus-based degree programs through the Ken Blanchard College of Business, College of Education, College of Nursing, College of Arts and Science, College of Fine Arts and Production, and College of Doctoral Studies.

Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.

52-Week Trading Range: $20.59 - $41.33

Entry Point:  $39.11

Stop Loss: $37.15

Target Price:  $43.02

Updates

10/22/2013 10:06:46 AM

LOPE reached our target price. If you elect to stay in the position, raise our stop loss to $42.75 to protect your gains.

Position closed on 10/22/2013 at price of $43.10 with a 10.20% gain in 14 days.

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