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Career Education(CECO - Get Report), through colleges, schools and universities that are part of the CEC family, offers education to a diverse student population of approximately 100,000 students in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. This stock is trading up 2% at $6.64 in recent trading.
Today's Range: $6.28-$6.75
52-Week Range: $5.32-$25.26
Three-Month Average Volume: 1.2 million
technical perspective, CECO is moving modestly higher here with below-average volume, and the stock is bouncing right off its 50-day moving average of $6.48. This move is starting to push CECO within range of triggering a near-term
breakout trade. That trade will hit once CECO takes out some overhead resistance levels at $7.05 to $7.15, and then $7.39 to $7.49 with high-volume.
Traders should now look for long-biased trades once CECO sustains a move or close above those levels with volume that's near or above 1,221,200 shares. If we get that breakout soon, then look for CECO to re-test and possibly take out its 200-day
moving average of $8.99. I would simply avoid this stock if it fails to get above $7.05 for starters, and then drops below some major near-term support at $6.38 with high-volume.