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Encountered Distributional Pressure Amid Broader Weakness - Friday, January 10, 2025
Stride (LRN +$2.11 or +1.94% to $111.13) was highlighted in yellow in the earlier mid-day report with pivot point cited based on its 12/04/24 high. It hit a new all-time high but encountered distributional pressure and ended in the lower third of its intra-day range. Recently it consolidated in an orderly fashion above its 50-day moving average (DMA) line ($104). Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal.
LRN reported Sep '24 quarterly earnings +755% on +15% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '20. It has an Earnings Per Share Rating of 99, the highest possible.
The number of top-rated funds owning its shares rose from 603 in Mar '24 to 671 in Dec '24, a reassuring sign concerning the i criteria.
