New Oriental Education (EDU) – Kaboom!: Bouncing After Touching Support
Posted on March 15, 2012 at 11:47 AM EDT
On March 8th, TriggerPoint Research issued an ALERT! on New Oriental Education (EDU). The support was drawn at $26.17 and that level was touched multiple times over the previous 4 weeks. The reversal bounce today was on volume about 120% greater than average through 11:30am on most days. The price still needs to clear $27.75 [...]
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