New Oriental Education & Technology Group (EDU): $4.3 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 3.76. The value of trades done on upticks was $5.86 million, whereas, trades done on downticks were valued at $1.56 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.82 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.82 million. New Oriental Education & Technology Group (EDU) fell $0.37 traded at $41.41, a change of -0.89% over the previous day. The stock is -0.19% for the week.
Also, Morgan Stanley initiates coverage on New Oriental Education & Technology Group (NYSE:EDU).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley announces the price target of $43 per share. The rating by the firm was issued on April 14, 2016.
New Oriental Education & Technology Group (NYSE:EDU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.07 and $40.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.57, notching a gain of 6.68% for the day. The total traded volume was 3,792,925 . The stock had closed at $41.78 on the previous day.
The stock has recorded a 20-day Moving Average of 7.67% and the 50-Day Moving Average is 8.75%.
New Oriental Education & Technology Group Inc. is a provider of private educational services in the Peoples Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Companys schools, learning centers and bookstores operate under its New Oriental brand.