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CHU January 2018 Options Begin Trading
Monday, May 22, 11:01 AM ET, by Market News Video Staff

Investors in China Unicom Ltd (CHU) saw new options become available today, for the January ...

April 2018 Options Now Available For China Unicom (CHU)
Monday, August 21, 10:31 AM ET, by Market News Video Staff

Investors in China Unicom Ltd (CHU) saw new options begin trading today, for the April ...

China Unicom is Now Oversold (CHU)
Friday, December 8, 11:56 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Implied PGJ Analyst Target Price: $50
Friday, December 29, 8:49 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

China Unicom Enters Oversold Territory (CHU)
Friday, February 9, 12:09 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

China Unicom Ltd Enters Oversold Territory (CHU)

By Market News Video Staff, Friday, March 1, 12:36 PM ET
Play Video: Learn About The RSI


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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Friday, shares of China Unicom Ltd (NYSE:CHU) entered into oversold territory, hitting an RSI reading of 26.2, after changing hands as low as $14.16 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.8. A bullish investor could look at CHU's 26.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CHU shares:

China Unicom Ltd 1 Year Performance Chart

Looking at the chart above, CHU's low point in its 52 week range is $12.16 per share, with $18.54 as the 52 week high point that compares with a last trade of $14.24. Find out what 9 other oversold stocks you need to know about

According to the ETF Finder at ETF Channel, CHU makes up 3.34% of the Telecom GEMS ETF (TGEM) which is trading lower by about 0.5% on the day Friday.

See what other ETFs contain CHU
See what other stocks are held by TGEM


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