New Oriental Education (EDU) in Focus: Stock Rises 6.7%

New Oriental Education & Technology Group Inc. EDU was a big mover last session, as the company saw its shares rise roughly 7% on the day. The stock moved up after the company announced better-than-expected 2016 fiscal fourth quarter results. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $40.54 to $42.57 over the past one month time frame.

This schools industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.

New Oriental Education has a Zacks Rank #3 (Hold).

However, a better-ranked stock in the same space is Apollo Education Group, Inc. APOL, carrying a Zacks Rank #2 (Buy).

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