Breakout Coming? ZK International Group Co Ltd (NASDAQ:ZKIN)

ZK International Group Co., Ltd. (NASDAQ:ZKIN) continues to move up in the early market open session. If the stock can break above $4.81 and hold there is a possibility for a breakout here.

Market Action

As of 9:47, ZKIN stock rose 4.8423% or $0.215. The stock has seen a total of 456K shares in volume.

ZKIN Bags Contract

ZK International Group announced today that it has won the contract with ENN Energy Holdings Limited

  • The core business of ENN Group is an investment in construction, operation, management of gas pipeline infrastructure, vehicle and ship refuelling stations, integrated energy, LPG, and other multi-energy products.
  • The advantages of ZK International’s stainless- steel pipe are: – (1) Easy installation and handling. (2) 2.5 times faster than old-fashioned in connecting solutions. (3) Wide choices are available of system design option. (4) Expansion of new gas at homemade easy. (5) Fewer joints which lead to less potential leaks. 
  • ZK International is a China-based engineering company building and investing in innovative technologies for the modern world. 

Trader Notes

Share Information

SHARES OUTSTANDING 21.32 M
SHARE FLOAT (%) 9.08 M (42.57%)
% HELD BY INSTITUTIONS 0.80

Recent Stock Performance

5-DAY PERF. -5.91%
1-MONTH PERF. -25.12%
3-MONTH PERF. -40.54%
6-MONTH PERF. +177.48%
YTD PERF. +78.38%
1-YEAR PERF. +288.24%

Moving Averages

+/- EMA(20) 5.44 (-15.07%)
+/- SMA(50) 7.14 (-35.29%)
+/- SMA(200) 3.67 (+25.89%)

Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 4.0600 4.1800 4.3100 4.4300 4.5600 4.6800 4.8100
Fibonacci 4.1800 4.2755 4.3345 4.4300 4.5255 4.5845 4.6800

Technical Indicators

Symbol Value Result Symbol Value Result
ADX 39.8536 Buy ATR14 0.7171
CCI20 -119.8978 Sell Chaikin Money Flow 0.0073 Neutral
MACD -0.3901 Sell Money Flow Index 27.9594 Sell
ROC -30.9487 Sell RSI 35.8747 Buy
STOCH (14,3) 9.8901 OverSold STOCH RSI 0.2154 Sell
UO 46.7668 Sell Williams %R -90.1099 OverSold

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