Primed for Breakout or Bust? A look at Grand Canyon Education, Inc. (NASDAQ:LOPE) and Kirby Corporation (NYSE:KEX)

Moving 0.11% from the previous session and touching $92.68 on a recent trade, shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have been on a number of investor watchlists of late. 

Most investors are likely looking for that next stock that is ready to take off running. Maybe the focus is on finding a stock that has recently taken a turn for the worse for no real apparent reason. As we all know, as quickly as a stock can drop in price, it can bounce back just as fast.

Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Scoping out these potential market gems may help repair a portfolio that has taken a hit for any number of reasons.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Grand Canyon Education, Inc. (NASDAQ:LOPE) has performed 4.32%. For the past month, shares are 2.52%. Over the last quarter, shares have performed 5.61%. Looking back further, Grand Canyon Education, Inc. stock has been 20.39% over the last six months, and 3.52% since the start of the calendar year. For the past full year, shares are 57.32%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) have been seen trading 12.28% away from the 200-day moving average and 1.79% off the 50-day moving average. The stock is currently trading -3.61% away from the 52-week high and separated 63.98% from the 52-week low. Grand Canyon Education, Inc.’s RSI is presently sitting at 57.47.

Kirby Corporation (NYSE:KEX) moved 1.01% from the recent close and currently pricing at $74.80.  There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists.  Cheap that is in terms of price, but what about value?

Equity markets can move in an instant, requiring investors to always stay on their toes. Most sudden stock spikes or drops require the attention of anyone who is keeping a keen eye on the shares. What may go somewhat undetected is the slow and steady rise or fall of a particular stock. Sometimes it can be difficult to decipher fact from fiction in the markets. Why is a company that consistently produces strong returns going down? Why are the underperforming company shares moving higher? While there may be no clear cut answers to the questions, professional investors work endlessly to make sense of equity market nuances.

Based on recent analysis, Kirby Corporation (NYSE:KEX) shares have been seen trading 0.74% off of the 50-day peak and 21.04% away from the 50-day bottom. In terms of the stock price in relation to its moving averages, company shares are 10.22% away from the 20-day moving average and 13.39% off of the 50-day average. If we take a longer approach, shares have been trading 13.48% away from the 200-day moving average.

Occasionally investors may be looking to shift their stock strategy. Maybe one plan worked for a period of time, but now economic conditions have shifted and a change is required. Whatever the case, the primary goal is typically to maximize profits. Finding a winning investing strategy may not happen immediately. Navigating the sometimes murky economic waters can be a struggle. Staying afloat may depend on many factors, but doing homework and studying all the available information is essential.

Over the last year, Kirby Corporation (NYSE:KEX)’s stock has performed
14.72%. For the last six months, the stock has performed 14.55%. From the start of the calendar year, shares have been 11.98%. Zooming in closer, company stock has been 13.33% for the quarter, 17.33% over the past month, and 8.09% over the past week.