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.

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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.