New Oriental Education & Technology Group Has Fallen Below Its 50-Day Moving Average

New Oriental Education & Technology Group (EDU) reported first quarter earnings per ADS of $1.57 Tuesday morning, compared to the $1.27 posted in the prior year period.

New Oriental Education & Technology Group gapped down sharply Tuesday and has continued to decline on above average volume. Shares are now down 10.08 at $71.22 and have dropped to a month and a half low. The stock has also fallen below its 50-day moving average.

by RTTNews Staff Writer

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