DeVry Education Group Inc. provides educational services worldwide.
It operates in three segments: Medical and Healthcare; International and
Professional Educational; and Business, Technology and Management. The
Medical and Healthcare segment operates American University of the
Caribbean School of Medicine, Ross University School of Medicine, Ross
University School of Veterinary Medicine, Chamberlain College of
Nursing, and Carrington College. The International and Professional
Education segment operates various institutions comprising Fanor, Ruy
Barbosa, ‘REA1, Faculdade Boa Viagem, Centro Universit’rio Vale do
Ipojuca, Faculdade Diferencial Integral, Faculdade DeVry Sao Luis, and
Faculdade DeVry Joao Pessoa, which primarily offers undergraduate and
graduate programs in business, management, medical, healthcare, law, and
engineeringThe Business, Technology and Management segment offers
career-oriented masters, bachelors, and associate degree programs in
technology, science, business, and the arts.
Take a look at the 1-year chart of DeVry (NYSE: DV) with the added notations:
DV has been trending lower since its December peak near $50, but the
stock finally found some support towards the end of April. Since that
low the stock has been holding a 52-week low support at $30. A break of
that level would most likely lead to much lower prices for the stock.
The Tale of the Tape: DV has a key level of support
at $30. A trader could enter a long position at $30 with a stop placed
under the level. If the stock were to break below the support a short
position could be entered instead.
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