Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Education Management (Nasdaq: EDMC) were up as much as 12% today, probably because investors gave a B+ to rival DeVry's (NYSE: DV) quarterly results, instead of the expected D.

So what: As fellow Fool Alyce Lomax reported today, DeVry's results were quite welcome after the for-profit education sector had been placed in a months-long timeout by investors. The reason? Threats of new federal regulations and declining enrollment.

Now what: I agree with Alyce that the industry is facing some headwinds in continued economic sluggishness and debt-weary consumers. However, high unemployment may still provide a catalyst as job seekers look to sharpen their skills. Hard to say, but we'll get an even clearer picture when Education Management reports earnings on Feb. 9.

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Fool analyst Rex Moore owns no companies mentioned here. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.