Some Traders Are Very Bearish on China Auto Logistics Inc (CALI) After Forming Bearish Double Bottom - Weekly Register

August 26, 2017 - By Clifton Ray

The chart of China Auto Logistics Inc (CALI) shows a double bottom with $1.98 target or 6.00 % below today’s $2.11 share price. The 7 months chart pattern indicates high risk for the $8.90M company. It was reported on Aug, 26 by Finviz.com. If the $1.98 price target is reached, the company will be worth $534,000 less. Double bottoms are rare but powerful chart patterns.

The stock increased 3.05% or $0.06 on August 25, reaching $2.11. About 29,995 shares traded. China Auto Logistics Inc (NASDAQ:CALI) has risen 125.69% since August 26, 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 Seekingalpha.com</a> with their article: “SEC Brings Fraud Charges Against Promoters Of China Auto Logistics And Guanwei …” published on May 07, 2014, 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: Marketwired.com</a> and their article: “China Auto Logistics Reports 2017 Second Quarter and Six Month Results” published on August 14, 2017 as well as Seekingalpha.com</a>‘s news article titled: “China Auto Logistics’ (CALI) CEO Tong Shiping on Q2 2017 Results – Earnings …” with publication date: August 16, 2017.

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