Senmiao Technology surges after crossing above key SMA
Senmiao Technology Ltd (AIHS) saw a significant price increase of 42.57% as it crossed above its 5-day SMA, indicating strong bullish momentum in the stock.
The surge in AIHS's stock price is attributed to broad market strength, with the Nasdaq-100 and S&P 500 both showing gains of 0.59% and 0.54%, respectively. This positive market environment has likely contributed to investor confidence in Senmiao Technology, leading to increased buying activity.
As the stock continues to gain traction, investors will be watching closely for any further developments or news that could impact its performance in the coming days.
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