· Earnings watch · CYD
China Yuchai (CYD)’s weekly retreat sets up June 16 earnings
The engine maker still shows a stronger three-month profile, but momentum evidence is mixed before results.
China Yuchai International (CYD) closed the latest week at $50.03, down 11.9% for the week while still up 25.7% over twelve weeks. The NYSE-listed engine maker is scheduled to report on June 16 for the fiscal period ended March 31.
Confirmation is uneven. The trend signal remains active and Market Dynamics offered confirmation at 0.77, but Relative Strength was subdued at 17.6. Trading volume also ran above recent norms, with 1.12 million shares changing hands versus a 13-week average of about 813,000.