October 26, 2009 at 17:00 PM EDT
China Green Forms First Base Over $10
Fertilizer producer and distributor China Green Agriculture (CGA) has been shaping a base since August. It's the first base the microcap stock has formed above the $10 level. China Green cleared a low-priced base in July and surged about 70% in three weeks. A low-priced base, however, is generally not considered actionable, especially since the stock was trading less than 400,000 shares daily. After peaking in mid-August, China Green began forming
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