China Infrastructure Investment Corp (NASDAQ:CIIC) has broken out on the daily chart today with its move above the 50 moving average at $0.62. After a long consolidation pattern, buyers are stepping up and buying. Volume has jumped today above the recent average. CIIC is a profitable company trading at $0.64 with a book value of $2.29 per share. In addition, China has a major infrastructure issue which must be remedied. Tolls, roads, construction will not be ending soon. Every day, thousands of new cars go on the road. This could be the start of a very large run higher.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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