Corinthian Colleges Inc. (COCO) — This company operates as a post-secondary education company in the United States and Canada and offers a range of diploma programs and associates, bachelors, and masters degrees. COCO is in a bull market.
The stock bottomed at under $6 in January 2008 and since then broke through a triple-top at $16 and ran to almost $22. Subsequently COCO bounced to $21 and pulled back again to the buy point at around $16 where it is now.
The stochastic is ready to give a buy signal and the stock is on support — positions taken now could return four quick points for traders and much more for long-term investors.
Get Sam Collins’ Daily Trader’s Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you’ll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!
Click here today to sign up today for Sam’s FREE Daily Trader’s Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.