NEW ORIENTAL EDU & TECH
(EDU-NYSE):
Technical Viewpoint: From a low
of $66.30 on Feb 9, 2010 prices
rallied, reaching a
high of $79.73
on Mar 2, 2010. A
decline saw prices pull back, reaching a
low of
$76.14 on Mar 8, 2010.
Another rally saw prices penetrate
resistance, closing 3/12/10
at $85.65. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 17, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $77.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 2, 2010. A P&F upside
reversal takes place at $82.00. Summary: Technical indicators have turned bullish. BUY! NEW ORIENTAL EDU & TECH
(EDU-NYSE) @ $86.13 Stop: Use a protective stop of $83.38.
NEW ORIENTAL EDU & TECH is currently trading @ $85.65 plus $3.60 on Mar 12, 2010. Price Objective:
$99.50. Risk/Reward: $2.75 VS. $13.13. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99.50
Risk/Reward:
$2.75 VS. $13.13
Risk/Reward Ratio:
5:1
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