Long Position on KNDI @ $18.55 on 8/6/2014 (Momentum)

Kandi Technologies Group, Inc. (KNDI) designs, develops, manufactures, and commercializes various vehicles.

It offers electrical vehicles, all-terrain vehicles, go-karts, and specialized automobiles; and utility vehicles, three-wheeled motorcycles, refitted cars, and various auto generators.

Kandi Technologies Group, Inc. sells its products to exporters, importers, distributors, dealers, and business partners in North America, Europe, and China.

Kandi Technologies Group, Inc. is headquartered in Jinhua, the People’s Republic of China.

Kandi produces a range of go-karts, from the 90 cubic centimeters class to the 1,000 cubic centimeters class in cylinder displacement. Kandi also produces four-wheeled ATVs and specialized UTVs, which are ATVs special-fitted for agricultural and industrial use.

The Company operates in one business segment, development, manufacturing, and commercialization of Super-mini-cars, all-terrain vehicles, go-karts, and special automobile related products. Kandi manufactures components of its vehicles by itself.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that the firm is expected to report its quarterly results on August 11th.

52-Week Trading Range: $4.12 - $22.49

Entry Point: $18.55

Stop Loss: $17.60

Target Price: $20.40

Updates

8/20/2014 9:55:52 AM

KNDI reached our target. Closed at $20.50.

Position closed on 8/20/2014 at price of $20.50 with a 10.51% gain in 14 days.

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