CMCM could chasing a Chinese internet stock be profitable? LONGCMCM is on fire with a 90% gain since the earnings report which was not verified by any
outside forensic accounting auditors . The Ciniese economy may be recovering with it
Cheetah.
The price-volume trend is impressive in the past month as a combination of the price moving
up responding to spi
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
−2.85 USD
−85.81 M USD
112.12 M USD
9.96 M
About Cheetah Mobile Inc.
Sector
Industry
CEO
Sheng Fu
Website
Headquarters
Beijing
Founded
2009
FIGI
BBG0068TQ8R9
Cheetah Mobile, Inc. is a holding company, which engages in the provision of Internet and mobile security software. It operates through the Internet Business and AI and Others segments. The Internet Business segment provides online advertising, VIP membership and software subscriptions, and game-related services. The AI and Others segment focuses on advertising agency services, multi-cloud management services, and the sale of AI hardware products and technical consulting services. The company was founded by Sheng Fu on July 30, 2009 and is headquartered in Beijing, China.
CMCM is showing bullish price actionNYSE:CMCM is break out from the multiple bottom consolidation area and is now target 2.38$, 2.54$ and 2.87$. Any pull back towards the break out level at around 2.15$ is buying opportunity. The move is backed up by positive earning for the past two quarters, it is always convenient to long stocks t
CMCM Very BullishI like the chart here. Chinese stocks have been rallying lately and CMCM has a history of being a high flyer. I like that it closed over $2.14 which is the .23 Fibonacci level and would like to see it break the .382 level as well which is also very close to the 200MA. I will go long for a swing over
$CMCM can rise in the next daysContextual immersion trading strategy idea.
Cheetah Mobile Inc. operates as a mobile Internet company.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,71;
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.