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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why A Bull Cycle May Be In The Cards For Nio Stock

NIO

Nio Inc (NYSE:NIO) shot up over 8% higher at one point on Wednesday before falling to close the trading day mostly flat. On Thursday, the stock was rising slightly, showing strength compared to the general market, which saw the S&P 500 declining for the third straight day.

The general markets have been difficult for traders and investors recently, with the S&P 500 often showing little in terms of direction, creating traps for both bullish and bearish traders.

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