Keep an eye on ITT Educational Services, Inc. (NYSE:ESI) to see if tomorrow the stock will confirm intraday breakout. Symmetrical triangle over 3.8 has a measured move to 5.50 then 5.83. The higher short interest ( 57.59% or 10.8M shares ) could also provide a near-term catalyst, if the stock begins to rise. The short interest coverage ratio is 46 days according to the average volume of 309K, which means any short squeeze could be brutal. Im long.
Microsoft Corporation (NASDAQ:MSFT) looks poised for a break to the upside. Technical indicators are looking bullish. The RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone and the CMF is also positive, which means there is more money flowing into the stock.
Apollo Education Group Inc (NASDAQ:APOL) broke out from a sidewards movement today with decent volume, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to upward trend while RSI is also rising but has not yet reached overbought level. Plus, the stock broke through its 50-day EMA for the first time since March and should continue to move. APOL has a lot of upside potential, so watch it closely on Friday.