Shares of China Auto Logistics Inc (NASDAQ: CALI), engaged in providing automobile sales and trading services, recorded over a 39% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading day, CALI gained by 39.4% and closed at $1.84, while recording significant trading volumes of 313,688 shares. CALI breached its key technical resistance levels of 30-Day and 50-Day DMAs at $1.62 & $1.72 respectively. Recently, the company announced that the Depository Trust Company (“DTC”) has suspended the notice of global lock described in its July 16th 2014 letter to CALI. During the past 5-trading sessions, CALI gained 57.3% with daily average trading volumes of 157,219 shares, while the stock fell by 1.1% during the past one month with daily average trading volumes of 33,048 shares.
Company Description:
China Auto Logistics, Inc. (NASDAQ: CALI) imports and retails automobiles; offers automobile financing services; and operates automobile information websites.
1-Year Stock Chart:
Source: Bloomberg
