Sep 13, 2011  Shares of New Oriental Education & Technology (NYSE:EDU - Snapshot Report) are trading up 1.8% to $32.53 today on above average volume. Approximately 822,000 shares have traded hands today vs. average 30-day volume of 813,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of EDU to see if this bullish momentum will continue.

SmarTrend is monitoring the recent change of momentum in New Oriental Education & Technology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of New Oriental Education & Technology in search of a potential trend change.

In the last five trading sessions, the 50-day MA has climbed 0.82% while the 200-day MA has risen 0.29%.

In the past 52 weeks, shares of New Oriental Education & Technology have traded between a low of $21.71 and a high of $33.25 and are now at $32.10, which is 48% above that low price.