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NF Energy Saving(NFEC - Get Report) provides energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks and contractual energy management services for China's electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries. This stock is trading up 26% at $2.38 in recent trading.
Today's Range: $2.20-$2.92
52-Week Range: $0.46-$4.82
Volume: 1.7 million
Three-Month Average Volume: 117,284
From a technical perspective, NFEC is gapping up sharply today on monster volume. This move has triggered a breakout trade once NFEC took out some near-term overhead resistance at $2.
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Traders should now look for long-biased trades as long as NFEC is trending above $2 and if it can manage to close near its daily highs. At last check, NFEC has hit an intraday high of $2.92. The next major breakout for NFEC will trigger once it takes out some near-term overhead resistance at $3.37 with high-volume. I would consider volume near or above 117,284 as bullish action.
This stock should be avoided from the long side if it moves back below today's low of $2.20 with heavy volume. If $3.37 gets taken out with volume soon, then look for NFEC to tag $4.82 in the near future.