Perdoceo Education Corp (PRDO)

[$tockfather]

I think CECO is oversold and the market today has over reacted to recent earnings report. Take a good look at the Q3 earnings and you'll see it's not all that bad.imo

They are down from last year but the company remains profitable and they have nearly 300M in cash flow, not to mention their ASSETS are much larger than their LIABILITIES.

Also there was more buys on the ask than sells today. I'm not sure what the short numbers were on this today, but i know prior to today this had 10M shares short or 16% of float. There Could be a real nice squeeze coming here in the near future.imo

Is CECO oversold???

RSI is @ 25.33

200DMA $20.20

50DMA $15.34

20DMA $15.63

http://stockcharts.com/c-sc/sc?s=CECO&p=D&yr=0&mn=3&dy=0&i=t38788829053&r=6393