Devry, Inc. (DV) topped at close to 50.00 during the fourth quarter of 2014 and it has spent the last 18 months declining steadily until reaching what now appears to be a bottom just above 15.00. A positive divergence has emerged on its weekly MACD and volume trends also appear to have turned a corner and are now more bullish. Check out the chart:
DV has had consecutive weekly closes above its 20 week EMA for the first time since the downtrend began. Volume trends are improving and a SCTR break above 50 would likely signal the worst is behind this educational company. Given the positive divergence, I'd initially look for a 50 week SMA test to reset its weekly MACD back to its zero line.