AI
Wednesday, March 13, 2019 12:08:14 PM
China Yuchai International Ltd (NYSE:CYD) is a leading manufacturer and distributor in diesel and natural gas engines for light, medium and heavy duty engines for trucks, buses and construction equipment. Recently, the stock topped out on March 4, 2019 at $19.95 a share. Since that pivot high the stock has been steadily declining and is currently trading at $16.72 a share. Swing traders should watch the $15.00 area for near term support and a potential bounce in the stock. This support level is where the stock broke out in late January and it should be defended again when initially tested.
Nick Santiago
InTheMoneyStocks
Recent CYD News
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