A closer look at ChinaCache International Holdings Ltd. ADR (NASDAQ:CCIH)


Shares of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) are currently poised at 29.93% from the open today and are hovering around at $1.34. More than 5,022,255 shares have traded hands versus an average trading volume of 203.10K. At the current PPS, the market capiralization stands at $37.46M. The stock prices of ChinaCache International Holdings Ltd. (NASDAQ:CCIH) are currently trading at -82.01% below its 52 week high and 62.97% above its 52 week low.

ChinaCache International Holdings Ltd. (NASDAQ:CCIH) has been in the buzz for the right reasons. Recently, ChinaCache International Holdings Ltd. (NASDAQ:CCIH) announced its unaudited condensed consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2016.

ChinaCache International Holdings Ltd. (NASDAQ:CCIH) is all set to post its earnings on Jun 26/a. As per Zack’s analyst ratings, ChinaCache International Holdings Ltd. (NASDAQ:CCIH) has an average brokerage rating of . On a scale of 1-5, a rating of 1 or 2 would show a buy, and a score of 4 or 5 would indicate a sell call. A rating of 3 would suggest a hold on the stock. The consensus price on (NASDAQ:CCIH) is $ with a high of $ and a low of $.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 16% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak.

The Exponential Moving Average is similar to a simple moving average however it utilizes a weighting cog that exponentially drops from the recent data point. The study of EMA compares the short term, intermediate term and long term EMAs. The respective EMAs tend to give bullish signals when hovering above trailing EMAs and below the latest price and vice versa. EMA alerts constitute crossovers i.e. the 5-day EMA crosses below/above the 20 day EMA and EMA convergences 5-day EMA comparable to 13 day EMA. The long term and short term EMA’s of 1.09 and 1.31 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term.

The relative strength index (RSI) can be defined as a momentum oscillator that can compute measure the velocity and extent of stock price changes. Momentum is computed as the ratio of positive price variations to negative price changes. The RSI study compares the current Relative Strength Index against oversold (30), overbought (70) and neutral (50) conditions. Alerts will apprise you when shares recede from oversold/overbought marks or breakthrough neutral (50). The current RSI is 62.49 suggesting a bullish price action.

Though ChinaCache International Holdings Ltd. (NASDAQ:CCIH) represents an exciting growth story open to numerous attractive markets, it would be remarkable to see how it does for long-term investors.

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