Chart Of The Day: Stride - Big Breakout!

The Chart of the Day belongs to the technology-based education and training company Stride (LRN).  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/26 the stock gained 4.94%.

(Click on image to enlarge)

LRN Price vs Daily Moving Averages

Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. It serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 64.40+ Weighted Alpha
  • 42.78% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 24.43% in the last month
  • Relative Strength Index 80.79%
  • Technical support level at $54.92
  • Recently traded at $55.87 with 50 day moving average of $46.04

Fundamental Factors:

  • Market Cap $2.40 billion
  • P/E 15.25
  • Revenue expected to grow 5.70% this year and another 7.20% next year
  • Earning estimated to increase 8.10% this year, an additional 15.90% next year and continue to compound at an annual rate of 20.02% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analyst gave 4 strong buy, and 1 hold opinions on the stock
  • Analysts' price targets are between $50 and $70 with a consensus of $61 for another 9% gain
  • The individual investors following the stock on Motley Fool voted 140 to 23 for the stock to beat the market with the more experienced investors voting 33 to 7 for the same result
  • Value Line rates its an above average of 2
  • CFRAs MarketScope rates it a strong buy

More By This Author:

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Disclosure:  The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks ...

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