Is It Time To Buy TAL Education Group Stock?

Usually, when stocks stage massive selloffs, there is some type of a rebound. Momentum traders expect a reversion, so they buy. This action typically pushes the price higher.

But it didn’t happen with TAL Education Group TAL.

After reaching the $90 level in February, the shares have been in a steep downtrend. On Monday, they went even lower and closed near the low price of the day. They also broke the psychologically important $5 level. Despite this, there was no sign of any type of rebound.

This type of action is generally bearish for a stock. Despite the move lower, EDU may continue its death spiral.

tal.png

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!