China Unicom Hong Kong (NYSE:CHU) is one of today's biggest movers, up 1.5% to $16.01. The Dow Jones Industrial Average is now trading fractionally higher to 13,918 and the S&P is trading fractionally lower to 1,501.
In the past 52 weeks, China Unicom Hong Kong share prices have been bracketed by a low of $12.16 and a high of $18.95 and are now at $16.01, 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
China Unicom Hong Kong has overhead space with shares priced $16.01, or 15.1% below the average consensus analyst price target of $18.85. The stock should find resistance at its 50-day moving average (MA) of $16.03, as well as support at its 200-day MA of $15.58.
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.