Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect earnings, appear to be behind the shift.NIO stock was a can’t miss bet for months. Shares gained more than 1,100% in 2020, closing at around $49. They raced to almost $67 early this year, but stalled out and fell to less than $32 last month. New competition in China’s EV market, confusion over delive
Nio Stock Picks Up Momentum Amid Shanghai Auto Show: Key Catalysts To Watch
Since completing a triple-bottom formation around $35 on April 15, NIO Inc. shares have been recovering. The stock received some support from positive headlines this week out of the Shanghai auto show.Completion of a triple bottom pattern, technically, is bullish for a security, signaling that a possible reversal is in the offing.The stock rebounding off the same level for the third time suggests it has a strong support and bears are giving up.After hitting a high of $66.99 Jan 11 on the moment
Anyone expecting apple car announcement? Won't be surprise
Apple Could Crush Earnings Estimates. One Analyst Explains How.
While you weren’t looking, Apple shares have rallied about 12% over the past two weeks, as investors turn their attention to the company’s upcoming March-quarter financial results. There are reasons to think more gains could follow.Evercore ISI analyst Amit Daryanani this morning repeated his Outperform rating and $175 target price on Apple shares , while adding the stock to the firm’s Tactical Outperform list.“While the supply chain issues are real, we expect Apple will be relatively protected