Origin Agritech (SEED) Sees Follow-Through Momentum, Up 11%
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After yesterday's 100% upside move, Origin Agritech Limited (Nasdaq: SEED) is up another 11% this A.M.
Yesterday's news that the company received the Bio-safety Certificate from the Ministry of Agriculture in China as a final approval for commercial approval of the world's first genetically modified phytase corn triggered the surge.
Chatter that the company would sell some stock into the strength has done little to stop the buying, which could be propelled by short covering.
Yesterday's news that the company received the Bio-safety Certificate from the Ministry of Agriculture in China as a final approval for commercial approval of the world's first genetically modified phytase corn triggered the surge.
Chatter that the company would sell some stock into the strength has done little to stop the buying, which could be propelled by short covering.
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