Investor Arena: Tracking Shares of Educational Dev Cp (EDUC) as CCI Rolls to Hold

Avid investors may be following technical signals on shares of Educational Dev Cp (EDUC). After a recent check, we have noted that the 60-day commodity channel index reading is Hold. The CCI indicator is generally used to identify overbought and oversold levels. The CCI signal direction is currently pointing to a Bullish. Changing the time-frame to the medium-term, we note that the reading from the 40-day commodity channel index is presently Hold. The signal direction is Bullish.

When it comes to investing, overconfidence can be detrimental to securing profits in the stock market. When investors have some early short-term wins, this may lead them to believe that it is their skill and superior knowledge that produced the winners. All though this may occasionally be the case, investors may quickly realize that it is very hard to consistently produce winning results. Sometimes a few wins can lead the investor to believe that they can make any trade work. This may create a situation where the individual gets in much deeper than they should have. Conducting the proper stock research before any trade can help the investor make sure that they are getting into a position for the right reasons.

Tracking some alternate information, we have noted that the company’s current book value is 3.28. The book value is the per share value of a company based on its equity available to common shareholders for the trailing 12 months. Shifting gears, the company has a current interest coverage value of 10.87. This value measures a company’s ability to honor its debt payments. When the value is below 1, the company may not be generating enough cash from its operations to meet its interest obligations. Tracking current trading session activity on shares of (company), we can see that the stock price recently hit 6.21. Since the start of the session, the stock has managed to touch a high of 6.43 and drop to a low of 6.03.

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Investors are often closely following recent stock price support and resistance levels. The support is a level where a stock may see a bounce after it has dropped. If the stock price can break through the first support level, the attention may move to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it hits a certain level of resistance. After a recent look, the stock’s first resistance level is 6.42. On the other side, investors are watching the first support level of 6.01. Investors may also want to take a longer-term look at company shares. According to the most recent information, the stock has a 52-week high of 12.65 and a 52-week low of 5.61. Staying on top of longer-term price action may help provide investors with a wider scope of reference when examining a stock.

Investors have a few distinct options when approaching the stock market. One option is to follow the crowd and trade with the consensus. Another way is to go against the herd and adopt a contrarian strategy. When it comes down to it, the investor will typically have to make this decision with their best interests in mind. In general, no investor wants to miss out on a winning stock. Far too often, investors will be overcome with the fear of missing out and get into a stock way too late. Just because a stock has been over performing and seeing large gains does not mean that those gains are going to continue into the future. Investors may be too quick to get into a hot stock without putting in the proper time and energy to research whether or not it is still a good stock at current trading levels. Investors who take the time to do their homework for every trade may find themselves a step ahead of the crowd in the long run.