The shares have been taken down with the for-profit education sector following Apollo Group's withdrawl of guidance on concerns over potential regulatory scrutiny. The stock is being defended at Citigroup, where the firm has said there is no overlap between DeVry and Apollo. Support levels to watch as potential downside objectives are at $41.50, $40.88, $40.27. Resistance is currently at $43.07. :theflyonthewall.com
I agree that DV should not have sold off based on APOL's issues. I blive that DV has sold off and will continue to do so because of their own issues; low enrollments, misleading information to students, burdening students with a lifetime of debt which they can never repay, overstating career growth just for starters. You want more??