This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
ITT Educational Services (
ESI) offers postsecondary degree programs in the U.S. It offers diploma, associate, bachelor and master degree programs. This stock closed up 1.6% at $27.66 on Wednesday.
Wednesday's Volume: 1.28 million
Average Volume: 722,469
Volume % Change: 74%
>>5 Stocks Poised for Breakouts
From a technical perspective, ESI trended higher here and re-tested some near-term overhead resistance levels at $28.17 to $28.37 with above-average volume. At last check, ESI hit an intraday high of $28.52, and volume was well above its three-month average action of 722,469 shares. Shares of ESI could now be ready to trigger a major breakout trade if it can manage to take out Wednesday's high of $28.52 with high volume.
Traders should now look for long-biased trades in ESI as long as it's trending above Wednesday's low of $27.35 or above some more near-term support at $26.40, and then once it sustains a move or close above $28.52 with volume that hits near or above 722,469 shares. If that breakout triggers soon, then ESI will set up to re-test or possibly take out its next major overhead resistance levels at $32 to $35. Any high-volume move above those levels will then put its next major overhead resistance levels at $40 into range for shares of ESI.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Madison, Wis.
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.