ITT Educational Services, Inc. provides postsecondary degree programs
in the United States. It offers master, bachelor, associate, and career
oriented education programs in various fields, such as information
technology, electronics technology, drafting and design, business,
criminal justice, and nursing and health sciences. The company's
information technology programs include communications, network
administration, network technology, software development, systems
technology, and technical support; and electronics technology programs
comprise communications, computer technology, electronics product design
and fabrication, industrial electronics, instrumentation, and
telecommunications. Its drafting and design programs consist of
architectural and construction drafting, civil drafting, computer aided
drafting, electrical and electronics drafting, interior design,
landscape architecture, mechanical drafting, and multimedia
communications; business programs comprise accounting, business
administration, financial services, manufacturing, marketing and
advertising, and sales; and criminal justice programs include
corrections, cyber security, investigations, and security and policing.
The company's health sciences programs comprise health information
technology and nursing.
Please take a look at the 1-year chart of ESI (ITT Educational Services, Inc.) below with my added notations:
ESI peaked last July at $65 and lost more than 80% of its value from
there. The stock seems to be forming a base over the last (6) months all
the while hitting a very important level of resistance at $20 (red). No
matter what the market has or has not done since December, ESI has not
been able to break through that area of resistance. If the stock can
finally move above $20, higher prices for the stock should follow.
The Tale of the Tape: ESI has a key level of
resistance at $20. A long trade could be entered on a break through that
level. However, if you are bearish on the stock, a short trade could be
made on any rallies up to $20.
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