China Advanced Construction Materials Group (CADC) : Traders are bullish on China Advanced Construction Materials Group (CADC) as it has outperformed the S&P 500 by a margin of 37.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 52.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 53.71% in the last 1 week, and is up 46.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
China Advanced Construction Materials Group (NASDAQ:CADC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.67 and $3.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.71, notching a gain of 31.56% for the day. The total traded volume was 1,931,316 . The stock had closed at $2.82 on the previous day.
The stock has recorded a 20-day Moving Average of 46.24% and the 50-Day Moving Average is 47.5%. China Advanced Construction Materials Group, Inc. is up 32.5% in the last 3-month period. Year-to-Date the stock performance stands at 144.08%.
China Advanced Construction Materials, Group, Inc., formerly TJS Wood Flooring, Inc., is a holding company. The Companys primary business operations are conducted through its subsidiaries, Xin Ao Construction Materials, Inc. (BVI-ACM) and Beijing Ao Hang Construction Material Technology Co., Ltd. (China-ACMH), and its variable interest entities, Beijing XinAo Concrete Group (Xin Ao) and Xin Aos subsidiaries. The Company is engaged in producing ready-mix concrete, customized mechanical refining concrete and other concrete-related products that are primarily sold in the Peoples Republic of China (PRC). The Company produces construction materials for infrastructure, commercial and residential developments. The Company is primarily focused on engineering, producing, servicing, delivering and pumping a range of ready-mix concrete materials for construction projects.