By Tim - http://stockstobuy.org
The following is Fuqi International, Inc. (FUQI) stock technical analysis for September 16, 2010
Fuqi International, Inc. Support & Resistance Levels - 9/16/10
Resistance Levels: $6.95, $8.15
Support Levels: $5.90, $5.00
Chart - http://www.stockcharts.com/
Fuqi International, Inc. (FUQI) is up 7% in pre market on heavy volume this morning. Fuqi International announced yesterday that they will be opening a jewelry showroom in China which caused the stock to advance significantly. Looking at the technicals ( and keeping in mind Fuqi International, Inc is under an SEC investigation ), FUQI has resistance located between $6.95-$7.00. While this is a risky stock right now, If FUQI can close above $7, I think a new uptrend can occur.
For more Technical Analysis - Go Here
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