Qudian Inc. QD[NYE] – $7.30 gained 38 cents to $7.71 on heavy volume of 8.7 million shares Tuesday. The move came on no news from the provider of online consumer credit products in China. The stock recently pulled back from its April high near $8.80 to test rising channel support near $6, and has since formed a sideways wedge, which it broke out of on Tuesday. A move through resistance at around $7.75 could take the stock to the May highs near $8.50 next.
TAL Education Group TAL[NYE] – $36.72 popped $1.33 to $37 on 3.9 million shares Tuesday on no news from the China tutoring company. The stock recently held lateral and rising channel support in the $32-33 zone and bounced, with Tuesday’s move breaking it out a wedge and through key lateral resistance at about $36.50. The next target is a retest of the May high at $39.50.Related: Commodities are “From Venus” Too
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