Shengkai Innovations, Inc. (VALV)

[k_trader]

Actually the price would have to close at or below the close price of July 13th (@ 2.05) in order for the gap to be filled.

That hasn't happened yet, our low for the day has only been 2.12.

Once we close at or below 2.05 then our gap will be filled.

I would not be surprised to see it eventually pull back to at least these levels before continuing upward, this may take a few days.

I expect to see it eventually find support along the 5 EMA (@ 2.04) or 13 EMA (@ 1.77) as it is currently trading outside of the upper BB and will correct eventually IMO.

GLTA.