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Is China XD Plastics Company Ltd (CXDC) a Stock to Watch After Losing -37.14% This Week?

Thursday, May 13, 2021 12:16 PM | InvestorsObserver Analysts

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Is China XD Plastics Company Ltd (CXDC) a Stock to Watch After Losing -37.14% This Week?

The market has been down on China XD Plastics Company Ltd (CXDC) stock recently. CXDC gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
China XD Plastics Company Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CXDC!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CXDC Stock Today?

China XD Plastics Company Ltd (CXDC) stock has fallen -15.42% while the S&P 500 is higher by 1.02% as of 12:14 PM on Thursday, May 13. CXDC is lower by -$0.12 from the previous closing price of $0.78 on volume of 582,966 shares. Over the past year the S&P 500 is up 43.01% while CXDC is lower by -29.03%. CXDC lost -$2.95 per share in the over the last 12 months.

To see the top 5 stocks in the Auto Parts industry click here.

More About China XD Plastics Company Ltd

China XD Plastics Co Ltd manufactures special plastic material that is used for automobiles. Its product offering includes automobile exteriors, interiors and other components such as air conditioner casing, heating and ventilation casing, engine covers and air ducts which marketed are predominantly sold in China.

Click Here to get the full Stock Score Report on China XD Plastics Company Ltd (CXDC) Stock.

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