VCP formation for $NIU

26 apr 2021

NIU has good footprint forming a VCP in the last 13 weeks while above the 200 day moving average. Is not the best type because I like to see this with price also above the 20 and 50 day moving average, but still is worth to look at. Is very possible that a good rally is on the way. Also, the stock has a 92 rating for the IBD Relative Strength; one of the things a really want to see in a stock no matter what.

A good thing to add is that NIU is in the top 10 with best WTD Alpha in the list Motor Vehicles & Passenger in Barchart.

The fundamentals aren't that great if you only look at the last quarter, but annually has a solid revenue growth.