Tencent Holdings Shares Up 48.3% Since SmarTrend's Buy Recommendation (TCTZF)
SmarTrend identified an Uptrend for Tencent Holdings (NASDAQ:TCTZF) on March 19th, 2015 at $18.53. In approximately 19 months, Tencent Holdings has returned 48.34% as of today's recent price of $27.48.
In the past 52 weeks, shares of Tencent Holdings have traded between a low of $14.71 and a high of $28.50 and are now at $27.48, which is 87% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
Tencent Holdings Limited provides Internet, mobile, and telecommunication value-added services in China. The Company has an instant messaging community in China. Tencent also provides online advertising services.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Tencent Holdings shares.
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