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LOPE - Grand Canyon Education Is Running Out Of Time
Grand Canyon Education Inc.
Grand Canyon Education, Inc. (LOPE) had a horrid September as its market cap lost approximately 26% of its value. Although no technical damage has yet been done to the long-term chart (up-trend still intact), Grand Canyon Education is running out of time as its February lows are now only about $8 a share or 8% away. If these lows were to be taken out with conviction, for example, then that down-move would definitely have bearish implications.
Being chartists, we believe that any possible fundamental which could affect the trajectory of the share price has already