This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Xinyuan Real Estate(XIN - Get Report) and its subsidiaries are mainly engaged in residential real estate development and the provision of property management services. This stock is trading up 5.3% to $2.95 in recent trading.
Today's Range: $2.82-$2.98
52-Week Range: $1.70-$3.95
Three-Month Average Volume: 355,680
>>5 Big Stocks to Trade for Gains
From a technical perspective, XIN is ripping higher here back above its 50-day moving average of $2.79 with above-average volume. This move is quickly pushing XIN within range of triggering a near-term breakout trade. That trade will hit once XIN manages to take out some near-term overhead resistance levels at $2.96 to $3.10 with high volume. At last check, XIN has hit an intraday high of $2.98 and volume is well above its three-month average volume of 355,680 shares.
Traders should now look for long-biased trades in XIN as long as it's trending above its 50-day at $2.79, and then once it sustains a move or close above those breakout levels with volume that hits near or above 355,680 shares. If that breakout triggers soon, then XIN will have a great chance to re-test or possibly take out its next major overhead resistance levels at $3.60 to $3.85.