Rare Triple Lindy Reversals for Education Stocks

Despite me taking some creative license with that title, the fact remains that plenty of education stocks are on the comeback trail this year. And perhaps just as interesting is that their strength is being met with little fanfare, as one of our Members astutely noted. To be sure, this is a group of stocks which were in endless downtrends for years, brutalizing longs at each and every juncture. 

CHGG is surging nearly 25% this morning after earnings, coming on the back of an improved chart and strong price action before the report. Plenty of others, such as BPI CECO LOPE STRA, also sport improved chart but have earnings coming up.

Indeed, the education stocks are worth tracking into the summer months to see if this progress continues. 

Elsewhere, Ford and GM are getting whacked after auto sales figures. GM has been a short idea of ours for a while. And we are looking for any slight bounce to locate an entry now.