Analysts at Zacks Investment Research upgraded shares of Tarena International Inc (NASDAQ: TEDU) from Hold to Buy today. The company currently has a rating of Buy on the stock. A number of other analysts have commented on the company in recent days, and Tarena International Inc has earned a consensus one-year price target of $14.62, less than the opening price of $14.75, a difference of 10.19 percent. Tarena International Inc stock has a 52-week high of $15.18. Stock prices sometimes get a jump to the upside when analysts upgrade a stock.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday Tarena International Inc (NASDAQ: TEDU) shares last traded at $14.35, which represents a drop of $0.36 compared to the previous closing price. Opening at $14.75, they fluctuated from $14.31 and $14.96 throughout the day.
Tarena International Inc (NASDAQ: TEDU) now has a market cap of 801.59M.
The stock’s average daily volume is 280,498 shares out of a total float 26,499,000 and some 218,035 shares traded hands yesterday, 79 percent lower than normal. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to pinpoint heavy volume accumulation or circulation by institutional investors.
However, just a day of high volume buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, Tarena International Inc (NASDAQ: TEDU) now has a 50-day MA of $13.09 and 200-day MA of $11.29. It has traded in a 52-week range between $8.35 – 15.18 and today’s last price is 0.05% lower than the 52 week high of $15.18.
Earnings growth is a critical factor to consider when investing in stocks and investors watch for companies that have increased their earnings at least 25% or more over 3 consecutive years.
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