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Possible Trend Reversal, Kandi Technolgies Down on Heavy Volume (KNDI)

By Shiri Gupta

Shares of Kandi Technolgies are trading up 7.0% to $7.49 today on above average volume. Today's volume of 475,000 shares tops the average 30-day volume of 435,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Kandi Technolgies and will alert subscribers who have KNDI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Kandi Technolgies share prices have been bracketed by a low of $5.05 and a high of $14.85 and are now at $7.49, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: unusual volume kandi technolgies

Ticker(s): KNDI