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China Unicom (Hong Kong) Limited (ADR) (CHU) on Focus After Forming Bullish Multiple Top Chart Pattern

August 11, 2017 2:51 PM
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China Unicom (Hong Kong) Limited (ADR) (CHU) on Focus After Forming Bullish Multiple Top Chart Pattern

The stock of China Unicom (Hong Kong) Limited (ADR) (CHU) shows a multiple tops pattern with $15.39 target or 4.00 % above today’s $14.80 share price. The 6 months chart pattern indicates low risk for the $36.16B company. It was reported on Aug, 11 by Finviz.com. If the $15.39 price target is reached, the company will be worth $1.45 billion more.

About 157,422 shares traded. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has risen 26.03% since August 11, 2016 and is uptrending. It has outperformed by 9.33% the S&P500.

Among 9 analysts covering China Unicom (NYSE:CHU), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. China Unicom had 16 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, August 18, the company rating was upgraded by Bernstein. The firm earned “Buy” rating on Monday, August 24 by Jefferies. The firm has “Neutral” rating given on Wednesday, November 30 by Nomura. The stock has “Buy” rating by CLSA on Wednesday, March 9. The firm has “Hold” rating by Deutsche Bank given on Monday, October 24. On Thursday, February 4 the stock rating was upgraded by HSBC to “Buy”. HSBC upgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) on Friday, July 31 to “Hold” rating. The rating was upgraded by Jefferies on Friday, April 28 to “Buy”. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, September 22. The company was downgraded on Monday, July 18 by Jefferies.

More important recent China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) news were published by: Quotes.Wsj.com which released: “China Unicom (Hong Kong) Ltd. ADR” on February 11, 2011, also Livetradingnews.com published article titled: “China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) HEFFX Highlights”, Barrons.com published: “Investors Can Put China Unicom on Hold” on December 03, 2016. More interesting news about China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) was released by: Benzinga.com and their article: “25 Stocks Moving In Monday’s Pre-Market Session” with publication date: July 24, 2017.

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Source: kldaily.com

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