Investment In Knowledge Pays The Best Interest:
The above quote by Ben Franklin is relevant in both markets and life. By the look of the WEEKLY chart below of CHGG, it confirms the former. It is higher by 9% in 2020 already, and last week broke out of a sideways range that was dictated between the round 30-40 numbers. The weeks ending 9/27-10/4/19 and again the week ending 11/8/19 were all beneath the 30 figure intraweek but NONE finished below it. Last week demonstrated excellent relative strength higher by more than 5% in the best weekly volume in 2 months, after the prior 3 weeks ending 12/20/19-1/3/20 all CLOSED very taut within just 11 pennies of each other. This week is showing fine follow through up nearly 3% Monday. It still trades 14% off most recent 52 week highs, but building the right side of a potential cup base pivot of 48.32 (peer STRA is doing the same trading very taut). It has put up back to back strong earnings reactions higher by 8.9 and 14.3% 7/30 on 11/5/19. Respect the “education” the chart is giving, pun intended.