Options In Focus: DeCYDing on Protection
After catapulting above $15 a short while back and subsequently hoisted into the IBD 100, shares of China Yuchai (CYD) consolidated its swift run with a short base of three weeks. In Tuesday’s first half and week four of CYD’s technical pause, bulls staged a breakout to fresh year-to-date highs. The results however appeared less than good as the stock reversed early gains and put itself into the ignominious position of a bearish engulfing
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