Nio stock flags a rare bullish pattern as May vehicle deliveries jump

Nio stock climbed to $6, its highest level since May 15, after bottoming at $5.10 late last month. The move was supported by strong vehicle delivery numbers, signaling improved fundamentals and helping extend the recent recovery in the shares.

Analysis

Nio stock climbed to $6, its highest level since May 15, after bottoming at $5.10 late last month. The move was supported by strong vehicle delivery numbers, signaling improved fundamentals and helping extend the recent recovery in the shares.