Today, shares of China Mobile (NYSE:CHL) have advanced above their 10-day MA of $55.25 on a volume of 231K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
China Mobile (NYSE:CHL) has potential upside of 15.5% based on a current price of $55.41 and analysts' consensus price target of $64.00. The stock should find resistance at its 50-day moving average (MA) of $56.55, as well as support at its 200-day MA of $55.14.
In the past 52 weeks, shares of China Mobile have traded between a low of $49.37 and a high of $59.73 and are now at $55.41, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.25% lower over the past week, respectively.
China Mobile Limited, through its subsidiaries, provides cellular telecommunications and related services in the People's Republic of China and Hong Kong SAR.