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Friday, October 14, 2011

Forming Upward Wedge Alert: (LOPE)

Upward wedge patterns have been noticed on October 14 for the stocks Grand Canyon Education, Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of Grand Canyon Education, Inc (LOPE) fell by 3.12% or $-0.53/share to $16.44. In the past year, the shares have traded as low as $12.26 and as high as $21.59. On average, 363280 shares of LOPE exchange hands on a given day and today's volume is recorded at 137118.