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Ever-Glory International Group Inc (EVK) Stock: What Does the Chart Say Friday?

Friday, July 09, 2021 12:33 PM | InvestorsObserver Analysts
Ever-Glory International Group Inc (EVK) Stock: What Does the Chart Say Friday?

The market has been high on Ever-Glory International Group Inc (EVK) stock recently. EVK gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Ever-Glory International Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EVK!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EVK Stock Today?

Ever-Glory International Group Inc (EVK) stock is trading at $2.90 as of 12:00 PM on Friday, Jul 9, a rise of $0.03, or 0.98% from the previous closing price of $2.87. The stock has traded between $2.74 and $3.05 so far today. Volume today is 505,847 compared to average volume of 556,782.

To screen for more stocks like Ever-Glory International Group Inc click here.

More About Ever-Glory International Group Inc

Ever-Glory International Group Inc retails branded fashion apparel and operates as an apparel supply chain solution provider. The company offers apparel to a woman under its various brands such as La go go, Velwin, Sea To Sky, and Idole with over 936 retail locations in China. The firm also offers global apparel supply chain solutions aiming at middle-to-high end casual wear, outerwear, and sportswear brands. It manufactures apparel products in the People's Republic of China (PRC). It derives most of its revenues from its business in Mainland China and has operations spread across HK China, UK, Europe, United States and Japan.

Click Here to get the full Stock Score Report on Ever-Glory International Group Inc (EVK) Stock.

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