It’s really great to see that even after a strong run, China Distance Education Holdings (NYSE:DL) shares have been powering on, with a gain of 30% in the last thirty days. Unfortunately, the full year gain of 2.1% wasn’t so sweet.
All else being equal, a sharp share price increase should make a stock less attractive to potential investors. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. So some would prefer to hold off buying when there is a lot of optimism towards a stock. One way to gauge market expectations of a stock is to look at its Price