China Auto Logistics Inc (CALI)'s Stock Formed A Several Months Double Bottom Pattern - Finance News Daily

September 21, 2017 - By Adrian Erickson

The chart of China Auto Logistics Inc (CALI) shows a double bottom with $1.91 target or 8.00 % below today’s $2.08 share price. The 7 months chart pattern indicates high risk for the $8.39M company. It was reported on Sep, 21 by Finviz.com. If the $1.91 price target is reached, the company will be worth $671,200 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 3.70% or $0.08 during the last trading session, reaching $2.08. About shares traded. China Auto Logistics Inc (NASDAQ:CALI) has risen 125.69% since September 21, 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 Quotes.Wsj.com</a> with their article: “China Auto Logistics Inc.” published on February 12, 2011, 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: Seekingalpha.com</a> and their article: “China Auto Logistics’ (CALI) CEO Tong Shiping on Q2 2017 Results – Earnings …” published on August 16, 2017 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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