Long Position on LOPE @ $47.20 on 1/10/2014 (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. 

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

52-Week Trading Range: $22.24 - $50.48

Entry Point: $47.20

Stop Loss: $44.84

Target Price: $51.92

Updates

1/27/2014 1:11:45 PM

LOPE fell below our stop loss, closed at $44.30.

Position closed on 1/27/2014 at price of $44.30 with a -6.14% loss in 17 days.

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