We feature China Ming Yang Wind Power Group Ltd (NYSE: MY), a wind turbine manufacturer, as today’s top momentum gainer since it gained more than 16% touching its new 52-week highs during the last two consecutive trading days with significant volumes. During yesterday’s trading session, MY was the top gainer in the US industrials sector after gaining 25% and closed at its 52-week high of $4.05 while recording significant volumes of 9.3 million shares. The stock has rallied over 45% in the last two trading sessions. During the last 5-trading sessions, MY skyrocketed 53% recording daily average volumes of 4.8 million shares, while the stock accumulated over 49% during the past one month with 30-day average volumes of 1.9 million shares.
Company Description:
China Ming Yang Wind Power Group Ltd (NYSE: MY) designs, manufactures, sells and services wind turbines. The company’s client base includes Chinese state owned power producers.
6-Months Stock Chart:
Source: Bloomberg
