Stock Analysis on ITT Educational Services Inc. (ESI)
Date of Analysis: 7th August 2014
Last Updated on: Same as above date
Current Price: $8.38
Intrinsic Value (How much it’s worth based on it’s financial records): $7.84
We were being conservative when calculating the intrinsic value for this stock.
Let’s first take a look a the bigger picture. From the monthly chart, we can see that this stock has room to further decline to $5.52.
Here’s also the daily chart indicating a further down move to $4.25.
By then it’ll form a bullish butterfly on both the daily and the weekly chart. So we will be expecting it to head to $20.15 or $23.91.
The price where its at now is still not ideal. It has further room to head downwards to $4.25. Only then, buy and ride it $20.15 or $23.91.
Disclaimer: Readers are advised to practice their own due diligence before making any decisions. The reader understands the risks involved in trading.
Additional Notes: If you would like us to analyze any other stocks, feel free to drop us a note over at our contact page. Do note that we do not analyze IPOs due to insufficient financial data. Stocks with 5 to 10 years history are ideal (10 years would be even better).