The upward trend could come to support K12 in the coming sessions.

The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.98x for the current year. Moreover, growth potential in term of revenue shows an important development of the company expected in the future.

Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 30.43 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term with the help of 2 elements : a mid-term support and a 100-day moving average.

A decline seems possible on the USD 30.43 area. It could be a basis for a purchase to target USD 34 at first. A stop loss will be fixed below the entry point to limit the risk.