China Unicom Hong Kong: The Losing Streak Continues (CHU)
Shares of China Unicom Hong Kong (NYSE:CHU) traded today at $10.07, breaking its 52-week low. Approximately 95,000 shares have changed hands today, as compared to an average 30-day volume of 336,000 shares.
Potential upside of 70.4% exists for China Unicom Hong Kong, based on a current level of $10.07 and analysts' average consensus price target of $17.16. The stock should find initial resistance at its 50-day moving average (MA) of $12.30 and further resistance at its 200-day MA of $12.43.
China Unicom (Hong Kong) Limited, through its subsidiaries, provides telecommunications services in the People's Republic of China. The Company's services include cellular, paging, long distance, data, and Internet services.
China Unicom Hong Kong share prices have moved between a 52-week high of $19.53 and the current low of $10.07 and are currently at $10.07 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of China Unicom Hong Kong on April 28th, 2016 by issuing a Downtrend alert when the shares were trading at $11.89. Since that call, shares of China Unicom Hong Kong have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows china unicom hong kong