Why Niu Technologies Shares Jumped 56% Last Month

Shares of Niu Technologies (NASDAQ: NIU) jumped last month as the Chinese electric-scooter maker got a boost from a strong fourth-quarter sales report. Investors also continued to be bullish on the broader electric vehicle sector .  

The stock finished the month up 56%, according to data from S&P Global Market Intelligence. 

As you can see from the chart below, Niu picked up momentum after the Jan. 7 sales report and gained through most of the month.

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Source Fool.com