China Mobile (Hong Kong) Ltd. (NYSE:CHL) has risen sharply, recording gains of 0.69% in the past 4 weeks. However, the stock has corrected -1.14% in the past 1 week, providing a good buying opportunity on dips. China Mobile (Hong Kong) Ltd. (NYSE:CHL) : During the past 4 weeks, traders have been relatively bearish on China Mobile (Hong Kong) Ltd. (NYSE:CHL), hence the stock is down -0.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.39% relative to the S&P 500.
The company shares have dropped -6.83% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $66.15 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $56.26 and the 200 Day Moving Average price is recorded at $55.26.
The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 2.59%.
China Mobile (Hong Kong) Ltd. (NYSE:CHL): stock turned positive on Friday. Though the stock opened at $56.61, the bulls momentum made the stock top out at $57.3499 level for the day. The stock recorded a low of $56.61 and closed the trading day at $57.26, in the green by 1.38%. The total traded volume for the day was 793,732. The stock had closed at $56.48 in the previous days trading.
China Mobile Limited is an investment holding company. The Company is engaged in providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly-administered municipalities in Mainland China and Hong Kong Special Administrative Region through its subsidiaries. The Companys business is divided into voice services and data services. The Companys customer service hotline offers assistance on different mobile service difficulties, handles all enquires and subscription of a range of mobile phone services. Its voice services include the business where its customers make and receive calls with a mobile phone at its mobile telecommunications networks. Its data services include Short Message Services and Multimedia Messaging Service, Wireless Data Traffic, Applications and Information Services.