Large Inflow of Money Witnessed in New Oriental Education & Technology Group

New Oriental Education & Technology Group (EDU) : Thursdays money flow indicated an uptick to downtick ratio was at 1.43. The total value of inflow transactions on upticks was $10.4 million, whereas, the total value of outflow trades on downticks was $7.26 million. The total money flow was $3.14 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.52 million. The total value of the trades done on upticks was $5.94 million. Downticks saw transactions worth $2.41 million. The total uptick to downtick ratio stood at 2.46, mildly in favor of the bulls. New Oriental Education & Technology Group (EDU) was trading with a -0.41% change over previous days close. It fell $0.17 during the day and reached $41.28. The stock was -1.85% compared to the previous weeks close.


New Oriental Education & Technology Group (EDU) stock is expected to deviate a maximum of $9.17 from the average target price of $34.23 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $43 and the most muted being $25. The stock has recorded a 20-day Moving Average of 2.92% and the 50-Day Moving Average is 2.43%.

New Oriental Education & Technology Group (NYSE:EDU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.43 and $41.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.61, notching a gain of 0.39% for the day. The total traded volume was 1,206,553 . The stock had closed at $41.45 on the previous day.

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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