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There are 2 more featured stock write-ups on since to 1/6/2025
Hovering Near High With Volume Totals Cooling - Wednesday, December 4, 2024
Adtalem Global Education (ATGE +$0.84 or +0.93% to $91.64) has been hovering near its all-time high with light volume on most sessions in recent weeks. Prior highs in the $80 area define initial support to watch on pullbacks. Fundamentals remain strong.ATGTE was highlighted in yellow with pivot point cited based upon its 7/23/24 high plus 10 cents in the 10/30/24 mid-day report (read here). It was last shown in this FSU section with greater detail on 11/04/24 with an annotated graph under the headline, "Holding Ground Following Recent Technical Breakout".
ATGE has an Earnings Per Share Rating of 97. Bullish action came after it reported Sep '24 quarterly earnings +39% on +13% sales revenues versus the year ago period, marking its 3rd strong quarterly earnings increase above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong.
The number of top-rated funds owning its shares rose from 473 in Mar '24 to 506 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 37.5 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling.
Chart courtesy of www.stockcharts.com
Holding Ground Following Recent Technical Breakout - Monday, November 4, 2024
Adtalem Global Education (ATGE +$0.89 or +1.12% to $80.59) has been holding its ground since highlighted in yellow with pivot point cited based upon its 7/23/24 high plus 10 cents in the 10/30/24 mid-day report (read here). It hit new 52-week and all-time highs with a big volume-driven gain triggering a technical buy signal.It has an Earnings Per Share Rating of 97. Bullish action came after it reported Sep '24 quarterly earnings +39% on +13% sales revenues versus the year ago period, marking its 3rd strong quarterly earnings increase above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong.
The number of top-rated funds owning its shares rose from 473 in Mar '24 to 496 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.3 is an unbiased indication its ahares have been under accumulation over the past 50 days. Its small supply of only 37.5 million shares outstanding can contribute to greater price volatiity in the event of institutional buying or selling.
Chart courtesy of www.stockcharts.com
