Price Change to Note: Could Career Education Corp. See a Reversal After Breaking Its 52-Week High?

Price Change to Note: Could Career Education Corp. See a Reversal After Breaking Its 52 Week High?

The stock of Career Education Corp. (NASDAQ:CECO) hit a new 52-week high and has $12.72 target or 62.00% above today’s $7.85 share price. The 5 months bullish chart indicates low risk for the $548.29 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $12.72 price target is reached, the company will be worth $339.94 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 117,347 shares traded hands. Career Education Corp. (NASDAQ:CECO) has risen 62.61% since April 7, 2016 and is uptrending. It has outperformed by 57.83% the S&P500.

According to Zacks Investment Research, “Career Education Corporation is a provider of private, for-profit post-secondary education with campuses throughout the United States and Canada, the United Kingdom and the United Arab Emirates. Their schools enjoy long operating histories and offer a variety of master’s degree, bachelor’s degree, associate degree, and diploma programs in career-oriented disciplines. They offer educational programs principally in the following four career-related fields of study, Visual Communication and Design Technologies, Information Technology, Business Studies, and Culinary Arts.”

Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.13, from 1.27 in 2016Q1. The ratio improved, as 12 funds sold all Career Education Corp. shares owned while 30 reduced positions. 18 funds bought stakes while 41 increased positions. They now own 47.04 million shares or 2.02% more from 46.11 million shares in 2016Q1.
The Washington-based Parametric Port Associate Ltd has invested 0% in Career Education Corp. (NASDAQ:CECO). Fincl Bank Of America De has invested 0% of its portfolio in Career Education Corp. (NASDAQ:CECO). Tci Wealth Incorporated accumulated 217 shares or 0% of the stock. Thrivent Financial For Lutherans accumulated 33,510 shares or 0% of the stock. Deutsche Bank & Trust Ag last reported 0% of its portfolio in the stock. Invesco Limited has invested 0% of its portfolio in Career Education Corp. (NASDAQ:CECO). Comerica Bank & Trust holds 0% of its portfolio in Career Education Corp. (NASDAQ:CECO) for 68,134 shares. Barclays Public accumulated 69 shares or 0% of the stock. New York State Teachers Retirement, a New York-based fund reported 153,259 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 2,679 shares in the company. Rhumbline Advisers, a Massachusetts-based fund reported 101,425 shares. Whittier Tru Communication accumulated 65 shares or 0% of the stock. The New York-based Gabelli Funds Ltd Liability Company has invested 0% in Career Education Corp. (NASDAQ:CECO). The Illinois-based Guggenheim Cap Limited Liability has invested 0% in Career Education Corp. (NASDAQ:CECO). Continental Advisors Ltd Liability last reported 96,475 shares in the company.

More recent Career Education Corp. (NASDAQ:CECO) news were published by: Seekingalpha.com which released: “Watch For A Sharp Drop In Career Education Corp.” on January 26, 2016. Also Businesswire.com published the news titled: “Career Education Corporation Reports Results for Third Quarter 2016” on November 03, 2016. Dailyherald.com‘s news article titled: “Career Education names new board member” with publication date: October 26, 2016 was also an interesting one.

CECO Company Profile

Career Education Corporation (CEC), incorporated on January 5, 1994, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. The Company’s American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master’s or doctoral level as well as associate and bachelor’s levels. The Company’s operating divisions include CTU, AIU, Culinary Arts, Transitional Group, and Corporate and Other.

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