Kaixin Auto Holdings stock trades under the ticker KXIN & has recently shown great technical strength.
KXIN stock closed for trading at $8.15/share on 10/19/20 (+~294%).
In pre-market trading (6:30 am ET) they have dropped down to $6.55 (-~20%), making it worth eyeing them for a potential entry point for a short-term trade.
KXIN Stock Price: $8.15
10 Day Moving-Average: $2.07
50 Day Moving-Average: $0.91
200 Day Moving-Average: $0.72
RSI: 74
While their pre-market price is reflecting somewhat of a shakeout of yesterday’s steep climb, there may be an entry today or tomorrow that can lead to profitable trades once the dust settles.
KXIN stock does not have options, so trading the ordinary shares are the only way to go about this, making the timing of your entry more important, but with futures currently set higher (NASDAQ Futures are +0.64% as I write this), Kaixin Auto Holdings stock may catch the rest of the index’s momentum & continue to climb.
*** I DO NOT OWN SHARES OF KXIN STOCK ***