Strayer Education

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Strayer Education ( STRA) provides post-secondary education services for working adults. This stock closed up 2.1% at $41.74 in Monday's trading session.

Monday's Volume: 359,000
Three-Month Average Volume: 172,781
Volume % Change: 95%

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From a technical perspective, STRA bounced notably higher here right above some near-term support at $40.03 with above-average volume. This stock has been downtrending badly for the last three months, with shares dropping sharply from its high of $58.55 to that low of $40.03. During that move, shares of STRA have been making mostly lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of STRA into oversold territory, since its current relative strength index reading is 36. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.

Traders should now look for long-biased trades in STRA as long as it's trending above that recent low of $40.03 and then once it sustains a move or close above some near-term overhead resistance at $43 with volume that hits near or above 172,781 shares. If we get that move soon, then STRA will set up to re-test or possibly take out its next major overhead resistance levels at $46 to its 50-day moving average of $47.20. Any high-volume move above $47.20 will then give STRA a chance to tag $49 to $50.

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