The Traderszone Network

Published in TZ Latest News 26 November, 2015 by The TZ Newswire Staff

A Mid Cap Stock Tries To Breakout To All Time Highs (EDU)

New Oriental Education and Technology (EDU) has been a high-flying stock before. StockCharts.com moved it into the Mid Cap Group for an SCTR ranking and that has currently surged to 99.3. That is a really strong ranking and we can see it made new 52 week highs in mid-October. After building a 6-year consolidation between $18 and $30, the stock looks primed to breakout to the topside if it can get through this last bit of resistance. The breakout in January 2014 quickly stalled and rolled over.

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