Can China Hgs Real Estate Inc (HGSH)’s Tomorrow be Different? The Stock Formed a Bearish Wedge Down

July 18, 2017 - By Maria Brooks

The stock of China Hgs Real Estate Inc (HGSH) formed a down wedge with $1.54 target or 4.00 % below today’s $1.60 share price. The 7 months wedge indicates high risk for the $70.39M company. If the $1.54 price target is reached, the company will be worth $2.82 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 3.61% or $0.06 on July 17, reaching $1.6. About shares traded. China Hgs Real Estate Inc (NASDAQ:HGSH) has declined 7.42% since July 18, 2016 and is downtrending. It has underperformed by 24.12% the S&P500.

More important recent China Hgs Real Estate Inc (NASDAQ:HGSH) news were published by: which released: “Why China HGS Real Estate (HGSH) Stock Is Up Today” on September 02, 2014, also published article titled: “Why China HGS Real Estate (HGSH) Stock Is Jumping Today”, published: “China HGS Reports Full Year Financial Results for the Fiscal Year 2016” on December 21, 2016. More interesting news about China Hgs Real Estate Inc (NASDAQ:HGSH) was released by: and their article: “What On Earth Is Going On With China HGS Real Estate?” with publication date: November 09, 2012.

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