Long Position on LOPE @ $33.00 on 7/3/2013 (Momentum)

Cup & Handle formation on LOPEGrand 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 was formerly known as Significant Education, Inc. and changed its name to Grand Canyon Education, Inc. in May 2008.

Grand Canyon Education, Inc. was founded in 1949 and is based in Phoenix, Arizona. Shares have formed a bullish "cup & handle" and higher share prices are expected.

52-Week Trading Range:  $15.80 - $34.07

Entry Point:  $33.00

Stop Loss:   $31.35

Target Price:  $36.30

Updates

7/24/2013 10:48:34 AM

LOPE is closed at $36.32 after it reached our target price. If you elect to stay in the position, raise your stoploss to $36.00 to protect your gains.

Position closed on 7/24/2013 at price of $36.32 with a 10.06% gain in 21 days.

Back to Portfolio