Grand Canyon Education: Continue To Milk The Rally For All It's Worth (Technical Analysis)
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Grand Canyon Education, Inc. has experienced a 28% rally, consistently beating earnings expectations and outperforming the S&P500. Technical indicators suggest continued bullish momentum, although sustained growth in ROE is necessary for the rally to continue.
December 13, 2024 | 11:45 am
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Grand Canyon Education, Inc. has rallied 28%, consistently beating earnings expectations and outperforming the S&P500. Technical indicators suggest continued bullish momentum, but sustained growth in ROE is necessary for the rally to continue.
The article highlights a 28% rally in Grand Canyon Education's stock, driven by consistent earnings beats and outperformance against the S&P500. Technical indicators like the MACD and moving averages suggest continued bullish momentum. However, the need for sustained ROE growth is a potential risk factor. Overall, the positive technical and earnings performance suggests a likely short-term price increase.
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