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Trade-Ideas LLC identified
) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kandi Technologies Group as such a stock due to the following factors:
- KNDI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.2 million.
- KNDI has traded 163,851 shares today.
- KNDI is down 3.1% today.
- KNDI was up 7.6% yesterday.
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More details on KNDI:
Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes various vehicles.
The average volume for Kandi Technologies Group has been 2.8 million shares per day over the past 30 days. Kandi Technologies Group has a market cap of $713.7 million and is part of the consumer goods sector and automotive industry. The stock has a beta of 0.92 and a short float of 22.5% with 6.42 days to cover. Shares are up 63.7% year-to-date as of the close of trading on Friday.