Career Education Corporation (CECO) Shares are Down -1.59%

Career Education Corporation (CECO) has risen sharply, recording gains of 2.26% in the past 4 weeks. However, the stock has corrected -1.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.81% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.1% and the 50-Day Moving Average is 1.29%.The 200 Day SMA reached 32.81%

Career

Career Education Corporation (NASDAQ:CECO): After opening at $6.76, the stock dipped to an intraday low of $6.7176 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.92 and the buying power remained strong till the end. The stock closed at $6.79 for the day, a gain of 0.89% for the day session. The total traded volume was 605,766. The stocks close on the previous trading day was $6.79.

Career Education Corporation (CEC) through its colleges, institutions and universities offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The Company operates through four segments: University Group, Career Colleges Group, Transitional Group and Corporate and Other. The Company serves students from campuses throughout the United States, offering programs that lead to doctoral, masters, bachelors and associate degrees, as well as to diplomas and certificates. The Companys institutions include both universities that provide degree programs through the master or doctoral level and colleges that provide programs through the associate and bachelor level. The University group includes American InterContinental University (AIU) and Colorado Technical University (CTU), serving students online with career-focused degree programs.

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