Is LiNiu Technology Group (NASDAQ:LINU) being pumped?

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Shares of LiNiu Technology Group (NASDAQ:LINU) last traded at $0.73. (NASDAQ:LINU) performance year to date is 158.84%. The 200 day simple moving average is 135.48%. The 200 SMA is considered a major indicator by market analysts and traders for determining the long-term trend. The price in the market that coincides with the 200 day SMA is recognized as a key support when price moves above the 200 day SMA or resistance when price drops below the same.

Iao Kun Group Holding Co Ltd is a holding company which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter. The Company’s VIP room gaming promoters participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. Iao Kun Group Holding Co Ltd, formerly known as Asia Entertainment & Resources Ltd, is based in Wanchai, Hong Kong.

LiNiu Technology Group (NASDAQ:LINU) has been in the buzz for all the right reasons.

The Barchart Technical Opinion rating is a 56% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators mostly agree with the trend.

The Exponential Moving Average is similar to a simple moving average but it uses a weighting element that exponentially drops from the recent data point. EMA analysis assesses the short term,5 days and 13 days, intermediate term that is 20 days and long-term 50 days EMA. These EMAs will give bullish indications when moving above trailing EMAs and below the latest price and vice versa. EMA alerts comprise crossovers that is 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 0.42 and 0.0948 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .

The relative strength index is a momentum oscillator that can measure the magnitude of stock price and velocity changes. Momentum is computed as the ratio of plus price changes to negative price changes. The RSI assessment compares the prevailing RSI against oversold (30), overbought (70) and neutral (50) conditions. Alerts will apprise you when stocks retreat from overbought/oversold levels or breakthrough neutral (50). The current RSI is 88.01 suggesting a bullish price action.

LiNiu Technology Group (NASDAQ:LINU) is all set to report its earnings on -. As per Zack’s analyst scores, LiNiu Technology Group (NASDAQ:LINU) currently has a mean brokerage rating of . On a scale of 1-5, a rating of 1 or 2 would imply a buy, and a rating of 4 or 5 would indicate a sell recommendation. A rating of 3 would represent a hold on the equity. The consensus target price on (NASDAQ:LINU) is $ with a high of $ and a low of $.

As such, while we consider LiNiu Technology Group (NASDAQ:LINU) represents a enthralling growth story open to several attractive markets, it would be fascinating to see how it works for long-term shareholders.

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