China Eastern Airlines Shares Climbing Higher, Up 2.8%

Published on Wed, 02/11/2015 - 13:13
By Adrienne Chilton in Market movers, CEA, china eastern airlines, market movers, nyse:cea

China Eastern Airlines (NYSE:CEA), a company whose shares are moving quickly, is trading 2.8% higher to $23.88. The S&P is trading lower by 0.2% to 2,063 and the Dow is trading 0.3% lower to 17,807.

China Eastern Airlines Corporation Limited provides passenger and cargo airline services.

China Eastern Airlines has overhead space with shares priced $23.88, or 15.3% below the average consensus analyst price target of $28.21. China Eastern Airlines shares should encounter resistance at the 50-day moving average (MA) of $24.68 and support at its 200-day MA of $18.80.

In the past 52 weeks, shares of China Eastern Airlines have traded between a low of $14.85 and a high of $26.98 and are now at $23.88, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

By Adrienne Chilton
achilton@fnno.com

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