BitAuto Stock Shows Signs Of Top As Breakout Fails

By | January 12, 2015

Scalper1 News

BitAuto’s (BITA) stock is showing signs of topping as it plunged 17% on weak China car sales data. The drop has caused the stock’s late-stage breakout to fail. That failure, coupled with having a climax run, are signs of a top. Rival Chinese auto information site Autohome (ATHM) fell 8%, slicing through key support levels IBD TV’s Alissa Williams explains. Follow Alissa on Twitter: @IBD_AWilliams. Scalper1 News

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