China Information Technology, Inc. (CNIT) - Buy, Sell or Hold?
Sector: Technology Sub-Sector: Computer Software: Prepackaged Software
| Trade Date | Current Candlestick Pattern | Previous Candlestick Pattern | When | Performance Since |
|---|---|---|---|---|
| Tue, 28 Nov 2017 | None | Bearish Engulfing | Fri, 24 Nov 2017 | 3.9% |
| ***Stock database and scans are updated around midnight (New York time) every trading day. | ||||
1.60 0.00 (0%) Nov 28 4:00pm EDT
Open: 1.55 Range: 1.55 - 1.62 Vol: 228.25K Avg Vol: 180.72K
Analyze "CNIT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 1.56
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 1.51
Last Trade is above the 50 day moving average at 1.33
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.00
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
How to use this info: Stock Timing With Moving Averages
News on "CNIT" Stock
- CNIT Announces Company Name Change to Taoping Inc.
- CNIT to Present at the 8th Annual LD Micro Invitational
- EQS-News: CNIT Announces Taoping Alliance Enters into the Nationwide County-level Market
- CNIT Receives $1 Million Cloud-based Ad Terminal Order from Taoping Alliance's New Members for Qingyuan and Qujing City
- China Information Technology: 1Q Earnings Snapshot
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Stock Trend Analysis - Buy, Sell or Hold "China Information Technology, Inc." (CNIT)?
CNIT is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 54% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average has been quite bullish with price trading above the 20 SMA for 92.5% of the time during the last two months. CNIT may strengthen further into a very strong long term trend or fall back into the trading range. The high probability trade is to still buy dips but selectively at strong support areas like the 200 SMA at 1.00. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CNIT".The analyst consensus estimates for the 1 year price target for this stock is $9.00* (*source: Yahoo Finance).