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News Breaks
November 4, 2009
14:01 EDTCECO
theflyonthewall.com: Career Education: Earnings release technical preview, bear pattern, gap risk
BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the short-term bullish price channel at $21.51. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $22.15, $22.86, $23.32, $23.77, $24.30, $24.73, $25.29, $25.68, $26.13. BEARISH CASE: There is a potential bearish flag on the daily chart that will become active on a breakdown below $20.50. Downside potential for the pattern is to the $18 area. On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $20.57. On a bearish breakdown below the price channel the following support levels would become downside objectives: $20.03, $19.73, $19.29, $19.00, $18.70, $18.40, $18.10, $17.75, $17.31, $17.00, $16.69, $16.44, $16.09. NOTE: Very large short-base at 13.4 days to cover, with 11% of the float short. Traders are positioned for very negative news. Reactions on a surprise, especially a positive one given the very large short-base, have a high probability of being extreme in duration and price. High gap risk. :theflyonthewall.com



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February 13, 2012
09:21 EDTCECO
theflyonthewall.com: Obama budget requests increase in Pell Grants, Inside Higher Education says
President Obama's FY13 budget calls for an $85 increase in the maximum annual Pell Grant, according to Inside Higher Education, The proposal would bring the maximum annual Pell grant to $5,635, the publication added. Reference Link :theflyonthewall.com
07:03 EDTCECO
theflyonthewall.com: Obama seeking $8B for community colleges, Washington Post reports

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