Origin Agritech ( SEED) is a technology-focused crop seed company serving mainland China. The company's activities include the specialization in the research and development, production, and sales and marketing of crop seeds throughout China. This stock is trading up 10% at $1.52 in recent trading. Today's Range: $1.37-$1.62 52-Week Range: $1.30-$4.49 Volume: 541,000 Three-Month Average Volume: 107,376 >>3 Agricultural Stocks Poised to Benefit From Drought From a technical perspective, SEED is blasting to the upside here with monster volume. This move has briefly pushed SEED above its 50-day moving average of $1.52. At last check, SEED has hit an intraday high of $1.62 and volume is well above its three-month average action of 107,376 shares. Traders should now look for long-biased trades in SEED as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 107,376 shares as bullish. If SEED can maintain that trend, then this stock has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $1.87 to $1.94, or possibly even its 200-day moving average of $2.20.
Cleantech Solutions (CLNT) soared Monday after the metal components manufacturer reported its fourth-quarter results. Revenue increased 29.4% year over year to $22.8 million from $17.6 million mostly due to sales of the company's dyeing and finishing equipment thanks to the demand for Cleantech's low-emission airflow dyeing machines. Net income increased to $2.1 million, or 60 cents per basic and diluted share, from $0.5 million, or 17 cents per basic and diluted share, in the same period one year earlier. Operating expenses decreased 10.7% year over year to $3.1 million from $3.5 million, while operating income increased to $2.8 million from $0.7 million. Operating margin was 12.2% compared to 4.1% in the same period one year earlier. Adjusted EBIDTA rose year over year to $7.3 million from $4.8 million.