Not every stock is plunging to new lows. One of my favorite Emerging Growth stocks, Strayer Education (STRA), just broke through to a new 52-week high today. Since last Thursday, the shares are up over 10%.

If you're not familiar with the education stock, here's a description from Hoover's:

Students who wander from the traditional learning path can turn to Strayer Education. The company's Strayer University has some 60 campuses in more than a dozen states in the eastern US and Washington, DC. Founded in 1892, the university serves more than 36,000 students, mostly working adults seeking associate's, bachelor's, and master's degrees in fields such as accounting, business administration, computer information systems, and computer networking. Strayer Education also offers Internet-based classes through its Strayer University Online, in which over 25,000 students are currently enrolled.

What got the stock moving was a great earnings for the third quarter. On October 30, Strayer reported Q3 earnings of 83 cents a share, two cents more than estimates. In last year's third-quarter, which is historically they're weakest quarter, Strayer made just 64 cents a share. In July, the company said to expect EPS of 79 to 81 cents, so they topped their aggressive forecast.

The company also raised its annual dividend from $1.50 a share to $2 a share, plus they increased their share repurchase program. For Q4, Strayer increased guidance to a range of $1.68 to $1.70 per share. For all of 2008, they see earnings per share coming in between $5.65 to $5.67 a share.

Strayer Education is rated "A - Strong Buy" on PortfolioGrader Pro.