Nano-Cap Smart Logistics Stock Spikes As Trading Volume Soars
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Smart Logistics Global's stock surged 190.39% to $3.63 amid unusually high trading volume of 63.12 million shares, despite no new news. The company recently expanded its supply chain network in China with a new Northern Supply Chain Center in Xuzhou, enhancing its logistics capabilities. Technical indicators show a strong short-term performance, with the stock trading significantly above its 20-day and 50-day moving averages, although it remains down 76.70% over the past year. Key resistance is at $6.00 and support at $1.00, with a P/E ratio of 26.6x indicating premium valuation.
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