ChinaCast Education (NASDAQ:CAST) is one of today's notable stocks in decline, down 3.0% to $6.19. The S&P is currently trading 0.7% lower to 1,307 and the Dow Jones Industrial Average is trading 0.7% lower to 12,578.

ChinaCast Education Corporation provides e-learning services and content to K-12 schools, universities, government agencies and corporate enterprises in the People's Republic of China.

In the past 52 weeks, ChinaCast Education share prices have been bracketed by a low of $2.27 and a high of $7.77 and are now at $6.19, 173% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.6% while the 200-day MA has risen 0.2%.

ChinaCast Education (NASDAQ:CAST) has potential upside of 37.3% based on a current price of $6.19 and analysts' consensus price target of $8.50. The stock should discover initial support at its 50-day moving average (MA) of $5.67 and subsequent support at its 200-day MA of $4.98.

Source:fnno