Stock Chart Analysis EDU

Posted by downtowntrader | 9/03/2007 09:48:00 PM | 0 comments »

Stock Chart Analysis EDU

New Oriental Education & Tech. Group Inc (Public, NYSE:EDU)

EDU is a fairly recent IPO which has steadily moved higher. It appears that it may of completed an ABC correction off a move to new all time highs. While the recent low is quite a ways down, EDU may take off from here after basing on the 20 day SMA the past week. This can be a tricky stock due to the light volume, but it has the potential to make a very nice move.

Good Trading,


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