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SmarTrend Watching for Potential Rebound in Shares of ITT Educational Services After 1.97% Loss
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
ITT Educational Services (NYSE:ESI) traded in a range yesterday that spanned from a low of $72.30 to a high of $75.66. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $71.58 on volume of 492,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
In the past 52 weeks, ITT Educational Services share prices have been bracketed by a low of $50.22 and a high of $95.52 and are now at $73.68, 47% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 2.00% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of ITT Educational Services on December 27th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.82. Since that recommendation, shares of ITT Educational Services have risen 32.3%. We continue to monitor ESI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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