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Business School Firm Beats Earnings Views.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Craig Shaw
Strayer Education cleared an 11-week flat base Monday to mark an all-time high. The stock accelerated more than 60% before starting its latest pattern. Strong stocks show prior uptrends of at least 30%. But its Relative Strength line failed to hit new highs in tandem with its breakout, a possible danger sign.
The Virginia-based post-secondary educator beat third-quarter profit views by 2 cents a share, citing new campus openings, higher online enrollment and increased tuition. It raised its full-year earnings outlook to $2.14-$2.16 a share vs. its previous estimate of $2.04-$2.08. Wall Street analysts expected ...
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