What happens when a stock rises from $2-$18 in two weeks for no reason? It usually crashes. VisionChina Media Inc. (VISN) is a Chinese advertising company with a $60 million market cap who's stock saw a meteoric rise over the last 10 days. The rally ended today when VisionChina Media Inc. (VISN) hit $18 on heavy volume but then dropped hard and closed below $12. VISN stock is still up 457% in the past month.
So why is VISN going up so much? Momentum! Every few years we see low float China stocks pop because shorts cover and day traders buy into the momentum. These stocks usually crash back to earth weeks and months down the road. VISN will likely drop back to $6-$8 by 2014.
For more information in the top stocks in 2014, visit these links -
Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014
