Yesterday, we profiled ESI as a school stock with a bullish reversal pattern. Today, we got buy signals on two additional school stocks, Corinthian Colleges (COCO) and Strayer (STRA). Usually, stocks tend to move in groups. In addition, the leader of the group moves first, then the laggards of the group tend to follow. However, I do not like the bearish reversal of the stocks that I profiled.
Other interesting stocks we are looking at today are: ZSL, EFZ, GB, JPX, TYD, PTRY (supermarket – defensive stock, adds to the bearish theme), and MZZ.
Note: In a bear market or correction, money goes from riskier to less risky assets. Supermarkets are a group that could benefit from this fact. We will be monitoring them closely.
Update 5/20/2010: Got a long signal on BXDC. Still short the market.
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I did not realize there were school stocks. It amazes me what is traded.