UXIN Stock Soars, But Is It Time To Sell?
UXIN Stock Soars, But Is It Time To Sell?
Shares of investment holding company Uxin Limited (NASDAQ:UXIN) were up over 45% Wednesday, but it may be time to sell as the stock is extremely overbought.
Overbought refers to a stock’s momentum. This is a measurement of how far the price has moved in a given period. If it reaches an extreme to the upside, it's considered to be overbought.
On the following chart, the lower part is the Relative Strength Index momentum indicator. The last time it showed the conditions to be as overbought as they are now was on April 1. On that day, UXIN closed at $1.97. Within two weeks the price dropped to $1.25.
Of course, there is no guarantee that the price will go lower like the last time, but there is a good chance that it happens again.
Shares of investment holding company Uxin Limited (NASDAQ:UXIN) were up over 45% Wednesday, but it may be time to sell as the stock is extremely overbought.
投资控股公司的股份优信有限公司(纳斯达克股票代码：UXIN)周三上涨超过45%，但现在可能是卖出的时候了，因为该股已严重超买。
Overbought refers to a stock’s momentum. This is a measurement of how far the price has moved in a given period. If it reaches an extreme to the upside, it's considered to be overbought.
超买指的是一只股票的动能。这是对价格在给定时期内变动幅度的衡量。如果达到上行的极端，则被认为是超买。
On the following chart, the lower part is the Relative Strength Index momentum indicator. The last time it showed the conditions to be as overbought as they are now was on April 1. On that day, UXIN closed at $1.97. Within two weeks the price dropped to $1.25.
下图下部为相对强弱指标动能指标。优信上一次显示目前的超买状态是在4月1日。当天，优信的收盘价为1.97美元。不到两周，价格就跌到了1.25美元。
Of course, there is no guarantee that the price will go lower like the last time, but there is a good chance that it happens again.
当然，不能保证价格会像上次那样走低，但这种情况再次发生的可能性很大。
译文内容由第三方软件翻译。
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