China Integrated Energy, Inc. (PINK:CBEH) is experiencing an unexplainable run over the last couple of week on no news or any other announcements. The company is not even filing any material information anymore and could have thus attracted speculative trading. 
CBEH closed with a 19% gain at $0.94 yesterday on a trading volume of 213,000 traded shares for the day. The stock bounced again over the 200-day moving average and the 50-day moving average has reversed and is going up. CBEH is also already in the oversold area as indicated by the RSI, which could make up for another jump today.
Technical indicators should not be relied upon when it comes to a company like China Integrated Energy, however. The growth of the share price could be due to speculative activity. Yesterday, FINRA shows that nearly 40% of CBEH trading volume for the day consisted of short sales.
Latest news about the company was the delisting of its stock from the NASDAQ. A notification of the removal of China Integrated Energy securities by the exchange was filed to the SEC in November last year. Currently, on the OTC Pink Sheets market tier CBEH is holding the red No Information status, meaning the company is not disclosing any material information to the public.
