I'm looking at DeVry (DV) as a possible entry. Truth is, a lot of stocks are looking quite extended at this point, so caution upon entering any trade at this time is wise.
I like the entry around $63 or maybe, the low $64 range and it could break out right through $65 or higher.
I think DeVry is a great recession play. Obviously, a lot of people are out of work right now and are going back to school to improve skills or get trained in something new. They're a leader in offering post-secondary education across the U.S. and Canada (for a profit) and they have been growing sales and earnings at an impressive rate (28% and 69% respectively for Q4'09 vs. Q4'08). Even better, analysts are expecting earnings to rise 50% or more in 2010. This is one heck of a recession if the outlook is that rosy.
Obligatory disclaimer: Past results do not guarantee future performance. The suggestions above are simply suggestions and the blogger is not liable for any losses incurred as a result of actual investment activity on the part of the reader.
Happy Trading!
Queen of Charts
Wednesday, March 3, 2010
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