China Unicom (Hong Kong) Limited (CHU) in Focus: Stock Jumps 5.3% – Tale of the Tape

April 9, 2015 Technicals 0

Zacks

China Unicom (Hong Kong) Limited (CHU) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17.30% since Mar 31, 2015.

None of the estimates for this non-U.S. wireless stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

China Unicom currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Avago Technologies Limited (AVGO), sporting a Zacks Rank #1 (Strong Buy).

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