New Oriental Education & Technology Group (EDU) Shares are Up 6.97%

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 margin of 1.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.31%, 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 6.97% in the last 1 week, and is up 8.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

New Oriental Education & Technology Group (NYSE:EDU): The stock opened at $44.21 on Friday but the bulls could not build on the opening and the stock topped out at $44.67 for the day. The stock traded down to $44.05 during the day, due to lack of any buying support eventually closed down at $44.38 with a loss of -0.07% for the day. The stock had closed at $44.41 on the previous day. The total traded volume was 1,131,040 shares.

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The stock has recorded a 20-day Moving Average of 6.25% and the 50-Day Moving Average is 7.8%. New Oriental Education & Technology Group Inc. is up 11.62% in the last 3-month period. Year-to-Date the stock performance stands at 41.47%.

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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