New Oriental Education & Technology Group (EDU) Shares are Up 5.97%

New Oriental Education & Technology Group (EDU) : Traders are bullish on New Oriental Education & Technology Group (EDU) as it has outperformed the S&P 500 by a wide margin of 11.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.97% in the last 1 week, and is up 9.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.95% and the 50-Day Moving Average is 9.67%.The 200 Day SMA reached 26.58% New Oriental Education & Technology Group Inc. is up 17.02% in the last 3-month period. Year-to-Date the stock performance stands at 49.28%.

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New Oriental Education & Technology Group (EDU) stock is expected to deviate a maximum of $12.76 from the average target price of $43.68 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $25.

For the current week, the company shares have a recommendation consensus of Buy. New Oriental Education & Technology Group (NYSE:EDU): stock was range-bound between the intraday low of $46.56 and the intraday high of $48.16 after having opened at $48.15 on Fridays session. The stock finally closed in the red at $48.15, a loss of -3.14%. The stock remained in the red for the whole trading day. The total traded volume was 1,601,919 shares. The stock failed to cross $48.16 in Fridays trading. The stocks closing price on Thursday was $46.83.

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.

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