Analysts at Zacks Investment Research upgraded shares of Tarena International Inc (NASDAQ: TEDU) from Hold to Buy today.With a rating of Buy on the stock, Tarena International Inc has a 52-week high of $15.18. As a means of comparison, a number of other analysts have commented on the stock recently, and the company has secured a consensus one-year price target of $14.62, lower than the opening price of $14.75, a difference of 9.88 percent. Stock prices sometimes get a jump to the upside when analysts upgrade a stock.
U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.
The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.
The blue-chip gauge had been up by as much as 131 points earlier and traded within a 162-point range.
The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range
Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.
Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range
Shares of Tarena International Inc (NASDAQ: TEDU) opened at $14.75 yesterday and traded in a range between, $14.75 and $14.95, and last traded at $14.80, a spike of $0.09 from the previous closing price.
Tarena International Inc (NASDAQ: TEDU) now has a market cap of 826.73M.
The stock’s average daily volume is 282,889 shares out of a total float 26,499,000 and some 23,994 shares traded hands yesterday, 9 percent lower than the average. Momentum traders often use upticks in trading volume to pinpoint large volume accumulation or dissemination by institutional investors, so trading volume is likely to increase in the next few days.
As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to demonstrate that fund managers and other professional investors are jumping in.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching.
By tracking the activity of these professional investors and how they influence moving averages,it allows for traders to make more impactful decisions on trades.
Trades for Tarena International Inc (NASDAQ: TEDU) have ranged from $8.32 – 15.18, and the stock now has a 50-day MA of $13.01 and 200-day MA of $11.26. Today’s last price is 0.03% under the 52 week high of $15.18.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings at least 25% or more for 3 consecutive years.
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