A Reversal for Fang Holdings Limited (SFUN) Is Not Near. The Stock Reaches 52-Week High Today

May 16, 2018 - By Dolores Ford

The stock of Fang Holdings Limited (NYSE:SFUN) hit a new 52-week high and has $5.58 target or 4.00 % above today’s $5.37 share price. The 5 months bullish chart indicates low risk for the $2.38 billion company. The 1-year high was reported on May, 16 by Barchart.com. If the $5.58 price target is reached, the company will be worth $95.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 3.76% or $0.21 during the last trading session, reaching $5.37. About 1.47 million shares traded. Fang Holdings Limited (NYSE:SFUN) has risen 81.29% since May 16, 2017 and is uptrending. It has outperformed by 69.74% the S&P500.

Fang Holdings Limited operates a real estate Internet portal through which it provides e-commerce, marketing, listing, financial, and value-added services. The company has market cap of $2.38 billion. It supports active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors. It has a 149.17 P/E ratio. The firm was formerly known as SouFun Holdings Limited and changed its name to Fang Holdings Limited in September 2016.

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