Morning Research on Apollo Group, New Oriental Education & Technology, Corinthian Colleges, and Career Education
LONDON, April 8, 2013 /PRNewswire/ --
Markets cracked under the pressure of disappointing job growth number in its Friday's trading session. All the major indices closed in the red zone. The services sector also looked weak as major training services stocks showed recorded steep losses. Our research team tracked leading companies like Apollo Group Inc. (NASDAQ: APOL), New Oriental Education & Tech Group (NYSE: EDU), Corinthian Colleges Inc. (NASDAQ: COCO), and Career Education Corp. (NASDAQ: CECO). StockCall has posted free technical research reports on APOL, EDU, COCO, and CECO and these can be accessed by signing up at
Apollo Group Inc.'s stock is down 16.62 percent on a YTD basis, thanks to its 3.07 percent decline in the Friday's session. The stock closed at $17.06 after trading in the range of $16.89 and $17.40. The stock shows a bearish streak and may touch $16.70 level. Its second support level is at $16.20. It traded 2.46 million shares during the session, down from its average trading volume of 2.95 million. The stock declined 52.96 percent in the past 52 weeks and has continued the trend in 2013. It is currently trading below its short-term moving average price of $17.20 and long-term moving average price of $18.22, confirming its downbeat trend. Download the free report on APOL upon registration at
New Oriental Education & Tech Group's stock extended its YTD loss with 2.61 percent loss in its Friday's session. The stock traded in the range of $15.63 and $16.31 and closed at $16.07. However, it traded higher-than-average number of shares at 2.37 million. The stock is in a neutral mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $16.78 and it may test the support level of $15.96 in the coming sessions. Upon breaching this level, it may go down to $14.78. EDU technical report can be accessed for free by signing up at
Corinthian Colleges Inc extended its 52-week loss to 52.26 percent by closing its previous trading session 2.56 percent lower. The stock closed at $1.90. It is down 19.49 percent on a YTD basis. Corinthian Colleges' stock is currently in a bearish mode and is expected to go down to $1.84 in the coming sessions. Its next support level is at $1.79. On the upside, it is expected to face its first resistance level at $2.00. The company traded in the range of $1.74 and $3.99 in the past 52 weeks. The free report on COCO can be downloaded by signing up now at
Career Education Corp. is currently trading marginally above its 20-days and 50-days moving average price and is in a neutral mode. It also ended its latest trading session 2.15 percent lower at $2.28, further confirming the trend. Career Education Corp underperformed the broader markets and has lost 31.12 percent of its value so far this year. However, it is likely to go up to $2.56 in the coming sessions. Its second resistance level is at $2.76. The company commands market capitalization of $153.10 million. With beta of 0.67, the stock tends to move in-line with the markets. Free report on CECO can be accessed by registering at
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