Technical Coverage on Education Services Stocks -- Research on CorinthianColleges, ITT Educational Services, TAL Education, and New Oriental Education and Technology
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LONDON, June 26, 2014 /PRNewswire/ --
The trading session on Wednesday, June 25, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,867.51, up 0.29% and the NASDAQ Composite closed at 4,379.76, up 0.68%. The S&P 500 finished the day 0.49% higher at 1,959.53. The gains were broad based as nine out of the ten sectors finished on a positive note. The S&P 500 Consumer Discretionary Sector Index finished the day at 527.93, up 0.82%, and the index has gained 2.41% in the previous one month. Investor-Edge has initiated coverage on the following equities: Corinthian Colleges Inc. (NASDAQ: COCO), ITT Educational Services Inc. (NYSE: ESI), TAL Education Group (NYSE: XRS) and New Oriental Education & Technology Group Inc. (NYSE: EDU). Free technical research on COCO, ESI, XRS and EDU can be downloaded upon signing up at:
http://www.investor-edge.com/4221-register
Shares in Corinthian Colleges Inc. fluctuated between $0.32 and $0.35 before ending Wednesday's session 0.97% lower at $0.33. The company's stock reported a trading volume of 3.42 million shares, which was above its three months average volume of 2.32 million shares. Corinthian Colleges Inc.'s stock has declined 2.13% over the previous three trading sessions and 63.67% in the last one month. Additionally, the company's shares are down 81.63% on YTD basis. Corinthian Colleges Inc.'s stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $0.95 is below its 200-day moving average of $1.55. Further, Corinthian Colleges Inc.'s stock has a Relative Strength Index (RSI) of 26.08. Sign up today to read free research on COCO at:
http://www.investor-edge.com/4221-COCO-26Jun2014.pdf
On Wednesday, shares in ITT Educational Services Inc. recorded a trading volume of 0.59 million shares, above its three months average volume of 0.57 million shares. The stock finished the day at $17.34, which was 5.47% higher its previous day's closing of $16.44, and registered an intraday range of $16.20 and $17.37. Shares in ITT Educational Services Inc. have advanced 2.18% in the previous three trading sessions, while the shares have fallen by 8.11% in the last one month and 48.36% on YTD basis. Shares in ITT Educational Services Inc. are trading below their 50-day and 200-day moving averages of $22.38 and $30.83, respectively. Furthermore, the company's stock traded at a PE ratio of 3.80 and has an RSI of 28.81. Sign up today to read free research on ESI at:
http://www.investor-edge.com/4221-ESI-26Jun2014.pdf
TAL Education Group's stock gained 2.36% on Wednesday, closing the day at $27.74, also hitting a new 52-week high of $28.04. The stock recorded a trading volume of 0.51 million shares, which was near its three months average volume of 0.54 million shares. The company's stock oscillated between $26.97 and $28.04 during the session. Shares of the company traded at a PE ratio of 36.99. TAL Education Group's stock has gained 5.24% in the previous three trading sessions and 20.66% in the last one month. Moreover, the company's stock has surged 26.15% since the start of this year. TAL Education Group's shares are trading above their 50-day and 200-day moving averages of $23.82 and $21.16, respectively. Additionally, the company's stock has an RSI of 65.60. Sign up today to read free research on XRS at:
http://www.investor-edge.com/4221-XRS-26Jun2014.pdf
Shares in New Oriental Education & Technology Group Inc. edged 0.11% lower on Wednesday, closing the session at $26.26. A total of 0.42 million shares were traded, which was below its three months average volume of 1.15 million shares. The stock moved between $25.70 and $26.39 during the session. The company's stock traded at a PE ratio of 20.36. Shares in New Oriental Education & Technology Group Inc. have advanced 1.16% in the previous three trading sessions and 1.78% in the last one month. However, the company's shares have declined 16.63% from the beginning of 2014. The company's stock is trading above its 50-day moving average. The stock's 50-day moving average of $25.45 is below its 200-day moving average of $27.57. Further, the company's shares have an RSI of 52.85. Sign up today to read free research on EDU at:
http://www.investor-edge.com/4221-EDU-26Jun2014.pdf
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