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New Oriental Education & Technology Bearish Moving Average Crossover Alert (EDU)

By Amy Schwartz

Today, shares of New Oriental Education & Technology (NYSE:EDU) have crossed bearishly below their 10-day moving average of $41.42 on a volume of 202K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, New Oriental Education & Technology has traded in a range of $18.09 to $43.58 and is now at $41.20, 128% above that low. The 200-day and 50-day moving averages have moved 1.11% higher and 1.75% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in New Oriental Education & Technology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of New Oriental Education & Technology in search of a potential trend change.

Keywords: moving crosses new oriental education & technology

Ticker(s): EDU