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Finding Support During Consolidation Above 50-Day Moving Average - Friday, April 16, 2021
Educational Development (EDUC +$0.37 or +2.16% to $17.48) is still consolidating above its 50-day moving average (DMA) line ($16.85) which defines important near-term support. For many months it has met stubborn resistance in the $19-20 area. Subsequent gains above the pivot point backed by at least +40% above average volume are still needed to trigger a proper technical buy signal.
EDUC was highlighted in yellow with pivot point cited based on its 10/07/20 high plus 10 cents in the 3/10/21 mid-day report (read here). It was last shown in this FSU section on 3/30/21 with an annotated graph included under the headline, "Consolidating Above 50 DMA Line Perched Near High".
It found support at its 200-day moving average (DMA) line ($15.68) since noted with caution in the 10/22/20 mid-day report. It also reported earnings +55% on +63% sales revenues for the Nov '20 quarter versus the year-ago period, marking its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's fundamental guidelines. This thinly traded Media - Books firm's annual earnings (A criteria) history has strong and its Earnings Per Share Rating is 98. Share price was impacted by a 2-1 split as of 8/23/18.
The number of top-rated funds owning its shares rose from 34 in Mar '20 to 48 in Dec '20 a reassuring sign concerning the I criteria. It has a small supply of only 6.1 million share in the float (S criteria) which can contribute to greater price volatility in the even of institutional buying or selling. The Media-Books industry group currently has a B+ (74) Group Relative Strength Rating.
Consolidating Above 50 DMA Line Perched Near High - Tuesday, March 30, 2021
Educational Development (EDUC -$0.90 or -4.93% to $17.34) recently found support above its 50-day moving average (DMA) line ($16.19) but it has met stubborn resistance in the $19-20 area. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. This thinly traded Media - Books firm's annual earnings (A criteria) history has strong.
EDUC was highlighted in yellow with pivot point cited based on its 10/07/20 high plus 10 cents in the 3/10/21 mid-day report (read here). In this FSU section that evening an annotated graph was included under the headline, "Gain Leaves Media - Books Firm Perched Near Pivot Point".
It found support at its 200-day moving average (DMA) line ($15.13) since noted with caution in the 10/22/20 mid-day report. It also reported earnings +55% on +63% sales revenues for the Nov '20 quarter versus the year-ago period, marking its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's fundamental guidelines. This thinly traded Media - Books firm's annual earnings (A criteria) history has strong and its Earnings Per Share Rating is 98. Share price was impacted by a 2-1 split as of 8/23/18.
The number of top-rated funds owning its shares rose from 34 in Mar '20 to 48 in Dec '20 a reassuring sign concerning the I criteria. It has a small supply of only 6.1 million share in the float (S criteria) which can contribute to greater price volatility in the even of institutional buying or selling. The Media-Books industry group currently has a B (61) Group Relative Strength Rating.
Gain Leaves Media - Books Firm Perched Near Pivot Point - Wednesday, March 10, 2021
Educational Development (EDUC +$1.47 or +8.69% to $18.39) was highlighted in yellow with pivot point cited based on its 10/07/20 high plus 10 cents in the earlier mid-day report (read here). Gapped up today and nearly challenged its all-time high with its 3rd consecutive volume-driven gain. Subsequent gains above the pivot point for a new high (N criteria) backed by at least +40% above average volume are needed to trigger a proper technical buy signal.
EDUC found support at its 200-day moving average (DMA) line ($14.41) since noted with caution in the 10/22/20 mid-day report. It also reported earnings +55% on +63% sales revenues for the Nov '20 quarter versus the year-ago period, marking its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's fundamental guidelines. This thinly traded Media - Books firm's annual earnings (A criteria) history has strong an dits Earnings Per Share Rating is 98. Share price was impacted by a 2-1 split as of 8/23/18.
The number of top-rated funds owning its shares rose from 34 in Mar '20 to 48 in Dec '20 a reassuring sign concerning the I criteria. It has a small supply of only 6.1 million share in the float (S criteria) which can contribute to greater price volatility in the even of institutional buying or selling. The Media-Books industry group currently has a B (61) Group Relative Strength Rating.
