NQ Mobile (NQ) : Traders are bullish on NQ Mobile (NQ) as it has outperformed the S&P 500 by a wide margin of 10.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 21.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 21.92% in the last 1 week, and is up 11.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 16.95% and the 50-Day Moving Average is 8.46%. NQ Mobile (NYSE:NQ): stock turned positive on Friday. Though the stock opened at $3.57, the bulls momentum made the stock top out at $4.14 level for the day. The stock recorded a low of $3.57 and closed the trading day at $4.06, in the green by 12.78%. The total traded volume for the day was 1,382,440. The stock had closed at $3.6 in the previous days trading.
Institutional Investors own 6.68% of NQ Mobile shares.
NQ Mobile Inc. is a holding company. The Company is principally engaged in the provision of mobile Internet services in the Peoples Republic of China and overseas markets. The Companys service portfolio includes mobile security, productivity and privacy protection, mobile games, as well as interest-based mobile community applications and advertising for the consumer market and an entire mobility solution set for the enterprise market. The Company operates two business segments: consumer and enterprise. The Companys consumer segment consists of mobile value added services, which includes mobile security services, mobile games and live mobile social video platform, advertising services and other services. The Companys enterprise segment consists of technology and software development services and hardware sales aggregated under enterprise mobility revenues.