It Seems Tarena International, Inc. (TEDU) Will Go Down. Formed A Few Months Bearish Wedge Down Pattern

April 26, 2018 - By Clifton Ray

Tarena International, Inc. (NASDAQ:TEDU) Logo

The stock of Tarena International, Inc. (TEDU) formed a down wedge with $9.55 target or 4.00 % below today’s $9.95 share price. The 6 months wedge indicates high risk for the $559.35 million company. If the $9.55 price target is reached, the company will be worth $22.37M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 5.51% or $0.58 during the last trading session, reaching $9.95. About 98,658 shares traded. Tarena International, Inc. (NASDAQ:TEDU) has declined 40.59% since April 26, 2017 and is downtrending. It has underperformed by 52.14% the S&P500.

Tarena International, Inc. (NASDAQ:TEDU) Ratings Coverage

Among 2 analysts covering Tarena International Inc (NASDAQ:TEDU), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Tarena International Inc had 3 analyst reports since November 22, 2017 according to SRatingsIntel. Jefferies maintained Tarena International, Inc. (NASDAQ:TEDU) on Wednesday, March 7 with “Hold” rating. The stock of Tarena International, Inc. (NASDAQ:TEDU) has “Neutral” rating given on Tuesday, February 13 by Nomura. Jefferies downgraded Tarena International, Inc. (NASDAQ:TEDU) on Wednesday, November 22 to “Hold” rating.

Tarena International, Inc. (NASDAQ:TEDU) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.