NEW YORK (Market Intellisearch) -- Today’s trading activities for China Unicom (Hong Kong) Limited stock may signal that the shares may continue to head higher in the foreseeable future assuming that the moving average continues to rise with the price of the equity. Savvy investors who focus on quality stocks while looking for the right opportunity to make a trade should focus on the moving averages to track the trend.Today, the shares of China Unicom (Hong Kong) Limited crossed above the 50-day moving average indicating a likely bullish trend. Shares of CHU settled the day up $0.36 to $11.99 on lighter than usual volume. In today's trading session, the stock price ranged between $11.89 and $12.20. The stock's 52 week low is 10.3 and the 52 week high is 15.95.
Other relevant figures to examine are the support and resistance levels for CHU. Based on the pivot points, the current support and resistance levels for China Unicom (Hong Kong) Limited are 11.85 and 12.16 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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