Devry (DV): Over-Extended Down-Trend

Devry (DV) flagged a confirmed BUY on my algorithmic DMA signal criteria. DV has been in a narrow range, the trend being down, then to sideways. Analyzing the trends duration and overall strength, its extremely over-extended to the down side, and is due for a bounce upwards.

Fundamental's

P/E: 9.13

PEG: 1.80

ROE: 10.31%

ROA: 7.71%

ROI: 9.36%

Although DV has negative growth as well as sub-par financial effectiveness, it is significantly undervalued with a low P/E & PEG-Ratio

Technicals

DV has found extremely strong support at the 18.30 level as its bounced of this level three times, even heavy volume trading days fail to penetrate this level, suggesting supply of TV is meet by demand from hungry bull bids on any weakness.

Mainline-Support holds, the key is to break the pivotal point of 21.50 to launch DV back to mid 20's

 A Rising CMF indicator crossing the zero line shows a Positive Bullish-Divergence for DV

Short term momentum oscillators across the board flag DV as both over-sold as well as crossing on the STOCH 20 line which is a reliable BUY-Signal when the current momentum position of DV stock as being  currently oversold.

Above we can see a massive Positive MACD Bullish-Divergence signal, this shows DV is due  for a move to the upside, the divergence continues to get tighter showing that a move in volume and direction is very probable shortly.

Overall DV is lined up to be a bounce play off of mainline support as the oversold conditions of the DV are over-extended and buyers will step back in to take speculative positions in anticipation of DV's subscription base to increase as the fall is their best season for revenue flows.

Position: Long- 18.98 500 shares.