Turbulence Hits These Shares as Volume Spikes: SORL Auto Parts, Inc. (NASDAQ:SORL)

SORL Auto Parts, Inc. (NASDAQ:SORL) shares are displaying elevated levels of volatility in today’s session. After a recent check, shares have been spotted at $6.77 showing a change in the session of 4.15%.Analyst Views

Based on data provided from analysts polled by Thomson Reuters, SORL Auto Parts, Inc. has a current consensus target price of 8.00. The current consensus analyst recommendation is sitting at 2.00 on company shares. Investors will likely be tracking any consensus estimate changes heading into the next earnings period.

Moving Averages and ATR

After a recent spot-check, SORL Auto Parts, Inc. (NASDAQ:SORL)’s ATR is 0.79. The Average True Range (ATR) is a measure of stock volatility. The Average True Range is an exponential moving average (14-days) of the True Range. The range of a day’s trading is high-low, and True Range expands into yesterday’s close when it lands outside of today’s range.

Taking a closer look into the volatility on shares of SORL Auto Parts, Inc. (NASDAQ:SORL), we notice that the stock is -17.02% off of the 20-Day Simple Moving Average. Zooming out to the 50-Day Simple Moving Average, we can see a difference of 13.14% from current stock levels.

Going out even further, the 200-Day Simple Moving Average is recorded 63.01% away from the current share price. Company shares were recently noted -30.49% off of the 50-day high and 88.58% away from the 50-day low. Let’s also take a quick peek at the 52 week highs/lows. At present, the stock is -30.49% separated from the 52 week high and 328.77% from the low.

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