Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes – just in case they're material to our investing thesis.

What: Shares of TAL Education Group (NYSE: XRS) rallied as much as 10% earlier today, one day after reporting third-quarter results.

So what: Investors have had a day to digest TAL Education Group's quarterly results, and a second look appears to have reinvigorated bulls. The after-school tutoring company reported sharply higher revenues on substantially higher student enrollment, and traders seem willing to click the buy button.

Now what: It's tough to say where TAL Education Group goes from here because it's such a recent IPO. It has been nothing less than volatile over the past week, and today's action could be nothing more than a bounce after losing roughly 20% of its value over the prior two trading sessions. The company is also dealing with some tough comparisons. It's a Chinese-based equity, and needless to say, faith in financials from Chinese equities is very low. It's also dealing with overall sector weakness, as U.S. education companies remain under pressure as Congress weighs funding options for these companies. The company does have an impressive growth rate, but for now I'm much happier simply adding it to my watchlist.

Interested in more info on TAL Education Group? Add it to your watchlist by clicking here.

Fool contributor Sean Williams does not own shares in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.