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Origin Agritech Finishes At Highest Level Since Early June
8/28/2008 4:18 PM ET
(RTTNews) -
Origin Agritech (SEED: News ) gapped open higher and continued to rise amid strong volume during the first half hour of trading on Thursday before paring its gains throughout the rest of the session. The climb came after the company reported a rise in third quarter profit.
The stock broke resistance and surpassed its 50-day moving average. Shares closed at their highest level since early July, up 55 cents at $5.29.
by RTT Staff Writer
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