Breaking Finance News

Mecox Lane Limited up 35 Percent Monday- Why? (MCOX)

Shares of Mecox Lane Limited (NASDAQ: MCOX) are up more than 35 percent in early trading Monday. Mecox Lane has traded 781,000 shares versus an average of 89,000 and year to date, the stock is up 53 percent, the stock is up  While there is no material news regarding the stock today, two events could be catalysts.

Read More: BREAKING- Mecox Lane Limited Up 104 Percent Monday (8/5)

First, the company is due to announce earnings Tuesday. Second, August’s move higher can be traced to a break above its 50 day moving average–something that hasn’t happened since May. Since the breakout, the stock is up 123 percent.

Traders are providing much insight into the move other than technicals.

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Company Profile

From Yahoo! Finance

Mecox Lane Limited, through its subsidiaries, engages in the design and sale of apparel, accessories, and home and healthcare products through its online platform and stores in the People’s Republic of China. The company’s apparel and accessories include women’s T-shirts, sweaters, jeans, dresses, outerwear, purses, and shoes, as well as kids’ apparel, men’s apparel, and maternity apparel.

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