Chart/Volume Alert: Fuqi International (FUQI)

Posted in General 
August 3rd, 2009

Fuqi International, Inc. (NASDAQ: FUQI) is trading up again this morning. We have shares up 3.6% at $25.00 on about 10,000 shares as of 8:58 AM EST. This is more of a chartist alert for the Chinese jewelry player as it was named to the top slot as #1 on the IBD 100 over the weekend. Be advised that this trades 1.56 million shares per day but that figure is skewed because of last week’s secondary offering. This was under $20 a couple weeks ago and was down close to $3.00 in March. -JON OGG

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