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DeVry (DV) Approaches New Upside Target of $32.26

Published on Thu, 03/21/2013 - 09:43
By Robert Cotter

DeVry (NYSE:DV) has opened bullishly above the pivot of $31.58 today and has reached the first level of resistance at $32.01. Analysts will be watching for a cross of the next upside pivot targets of $32.26 and $32.94.

DeVry (NYSE:DV) is currently priced 2.0% above its average consensus analyst price target of $31.60. The stock should find initial support at its 50-day moving average (MA) of $28.00 and further support at its 200-day MA of $25.23.

DeVry share prices have moved between a 52-week high of $36.47 and a 52-week low of $18.15 and are now trading 78% above that low price at $32.25 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 1.41% higher over the past week, respectively.

DeVry, Inc. owns and manages higher education systems throughout North America. The Institutions offers various degrees in a wide range of disciplines, including associate, bachelor's and master's degree programs in technology; healthcare technology; business and management, as well as online secondary education to school districts and medical education.

By Robert Cotter
rcotter@fnno.com