Shares of Fuqi International Inc. (FUQI) gapped up Monday and climbed steadily in the first 45 minutes of trade. The stock was range-bound for the remainder of the session and closed up by $2.18 at $22.02. The stock rose above some resistance Monday and set a new high for the year.
Fuqi International Inc. has experienced a sharp increase in both trading volume and share price over the last 2 months. The catalyst for the unusual movement appears to be company's first quarter earnings report.
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