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New Oriental Education & Technology Crosses Above its 10-day MA (EDU)

By Amy Schwartz

New Oriental Education & Technology (NYSE:EDU) shares have crossed bullishly above their 10-day moving average of $41.44 on a volume of 886K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, New Oriental Education & Technology share prices have been bracketed by a low of $18.09 and a high of $43.58 and are now at $41.75, 131% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for New Oriental Education & Technology and will alert subscribers who have EDU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses new oriental education & technology

Ticker(s): EDU