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New Oriental Education & Technology Group Inc. (EDU) provides private educational services under the New Oriental brand in the Peoples Republic of China.
It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Peoples Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle school and high school students to help students achieve better scores on entrance exams for admission into high schools or higher education institutions.
The company also provides language training courses consisting of English and other foreign languages, such as German, Japanese, French, Korean and Spanish; 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 comprising books, software, CD-ROMs, magazines, and other periodicals; and offers online education programs on its Websites koolearn.com and koo.cn.
In addition, it offers overseas studies consulting; pre-school education; and a pilot program that permits third parties in small cities to provide its English and kindergarten programs under a brand name cooperation model. Shares are heading higher in an upward trading channel. The lower bounary of the said channel coincides with the stock's 50-day moving average. The lower boundary of the channel is supported by the stock's 50-day moving average. Higher share prices are expected for this stock.
52-Weeks Trading Range: $37.16 - $86.88
Entry Point: $79.00
Stop Loss: $76.00
Target Price: $87.20
EDU closed at $89.60
