Does This Provide a Reason to Sell China Auto Logistics Inc (CALI)? The Stock Has Formed Bearish Double Bottom ... - WeeklyHub

August 31, 2017 - By Winifred Garcia

The chart of China Auto Logistics Inc (CALI) shows a double bottom with $1.83 target or 9.00 % below today’s $2.01 share price. The 5 months chart pattern indicates high risk for the $8.11M company. It was reported on Aug, 31 by Finviz.com. If the $1.83 price target is reached, the company will be worth $729,900 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.99% or $0.02 on August 30, reaching $2.01. About shares traded. China Auto Logistics Inc (NASDAQ:CALI) has risen 125.69% since August 31, 2016 and is uptrending. It has outperformed by 108.99% the S&P500.

More notable recent China Auto Logistics Inc (NASDAQ:CALI) news were published by: Seekingalpha.com</a> which released: “China Auto Logistics’s (CALI) CEO Tong Shiping on Q1 2017 Results – Earnings …” on May 16, 2017, also Marketwired.com</a> with their article: “China Auto Logistics Reports 2017 Second Quarter and Six Month Results” published on August 14, 2017, Thestreet.com</a> published: “China Auto Logistics (CALI) Stock Soaring on Subsidiary Sale” on June 07, 2016. More interesting news about China Auto Logistics Inc (NASDAQ:CALI) were released by: Quotes.Wsj.com</a> and their article: “China Auto Logistics Inc.” published on February 12, 2011 as well as Seekingalpha.com</a>‘s news article titled: “SEC Brings Fraud Charges Against Promoters Of China Auto Logistics And Guanwei …” with publication date: May 07, 2014.

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