Market Overview

RINO International Charges Higher (RINO)

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Shares of RINO International Corporation (NASDAQ: RINO) are higher on the session by 6.17%, trading at $17.37. The sock has been moving largely sideways for the past five months, though is jumping above resistance and the 200-day moving average today.

Stock volume is running at 1.865x the 10-day average today

Options action is favoring the call side today with 4,000 calls traded versus only 2,000 puts. This trend has been seen all week long.

RINO International Corporation is engaged in the business of designing, manufacturing, installing and servicing wastewater treatment and flue gas desulphurization equipment for use in China's iron and steel industry, and anti-oxidation products and equipment designed for use in the manufacture of hot rolled steel plate products.

The company has three principal products and product lines: the Lamella Inclined Tube Settler Waste Water Treatment System, the Circulating, Fluidized Bed, Flue Gas Desulphurization System and the High Temperature Anti-Oxidation System for Hot Rolled Steel.

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