Barchart Stock Chart of the Day – February 24, 2009

For some time the two hottest sectors have been Schools and Gold stocks. And while it’d be nice to have some diversification, it’s better to stick with what’s working.

Clearly the high unemployment and continued layoffs are propelling the education boom in the country as laid-off workers retrain to make themselves more employable.

One stock that keeps hitting the screens that I follow is Career Education (CECO) , which provides education to 89,500 students through operating approximately 75 on-ground campuses located in the United States, France, Canada, Italy, and the United Kingdom, as well as three fully-online academic programs.

Today, CECO appears on Barchart’s Overall 52-week highs list, the Top 100 Stocks list and the Signals - Top 100 Stocks . So CECO clearly looks like our Chart of the Day.

Barchart Opinions for CECO are:

    Short Term Indicators Average: 100% Buy
    Medium Term Indicators Average: 100% Buy
    Long Term Indicators Average: 100% Buy
    Overall Average: 100% Buy

Barchart Trend Spotter Signal : Long since November 24, 2008.

Sector Performance: CECO is a member of the Schools sector, where it is the 3rd  best performing stock out of 19 stocks in the sector. While the sector as a whole has a weighted Alpha of -4.46%, CECO itself has a weighted Alpha of +70.10% indicating that it is significantly stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center.

How we spotted this chart: We noticed CECO while viewing Barchart’s Overall 52-weeks highs page. We also noticed that CECO was appearing on other Barchart screens, including the Top 100 Stocks list and the Signals - Top 100 Stocks page.

Recent Developments:

On February 20th, Career Education (CECO) reported earnings above analysts’ expectations at 35 cents versus 10 cents in the same quarter last year.