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Thursday, November 4, 2010

EDMC up while industry down


EDMC had a 10+% day today after earnings were released while the rest of the industry got hammered. This was clear with the investigation into Apollo Group. Management abilities might also be the cause for the difference.

The stock also flew past the $12.50 call strike price. That should create some support at the $12.50 level as there are call holders wanting that profit.

The trade is going well. Eleven trading days left!

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