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New Oriental Education & Technology Group (EDU) provides private educational services primarily in the Peoples Republic of China (PRC).
The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the PRC, and Commonwealth countries; and after-school tutoring courses for middle school and high school students to help students enhance scores on entrance exams for admission into high schools or higher education institutions.
It also provides language training courses primarily consisting of English and other foreign languages for adults; operates full-time private primary and secondary boarding school in Yangzhou seeking a full curriculum taught in Chinese and English; develops and edits educational materials for language training and test preparation, such as books, software, CD-ROMs, magazines, and other periodicals; and provides online education programs on its Website koolearn.com. In addition, the company offers college, graduate, and career counseling advice to students; counsels students with the immigration process for overseas studies, such as obtaining visas and housing; operates kindergartens in Beijing; and offers a pilot program whereby it permits third parties in small cities to provide its English and kindergarten programs under a brand name cooperation model.
It provides its educational services primarily under the New Oriental brand. As of May 31, 2013, the company offered educational programs, services, and products to students through a network of 57 schools; 669 learning centers; approximately 32 own and 5,000 third-party bookstores; and approximately 17,000 teachers in 50 cities.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
52-Week Trading Range: $15.63 to $34.50
Entry Point: $29.35
Stop Loss: $27.88
Target Price: $32.28
EDU fell below our stop loss at $27.88.
