I was running some scans and education stocks jumped out at me as looking particularly weak, despite their last few days of gains. Let’s look at COCO, but you can look at any other stock in this sector (APOL, CECO, DV) and you see the same patterns of lower highs and lower lows. Even after it’s recent bounce off it’s 200 ma, it’s most likely going to find resistance near it’s 50 ma.
If you’re looking for an edge to play on the short side consider this sector. Observe that volume is declining and scaling in next week on market weakness, with stops at it’s 50 ma would be low risk with decent reward.
By June 4, A Few Investors Will Be Paid $4,201 Cash …Guaranteed. You could be one of them. This special group of investments is set to pay out $4,201 guaranteed cash next month. They’re not income trusts, corporate bonds, or foreign bonds. But you do have to act by April 26 to get your cash. Read the full report here…