Shares of China Mobile (Hong Kong) Ltd. (CHL) Sees Large Outflow of Money

China Mobile (Hong Kong) Ltd. (CHL) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.31 million) in China Mobile (Hong Kong) Ltd. (CHL). On Thursday, The value of composite uptick trades was $3.01 million, whereas, the value of composite downtick trades was $4.32 million and the ratio between the two was 0.7, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.82 million. $0.78 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.43. The negative money flow of ($1.04 million) shows selling on strength. China Mobile (Hong Kong) Ltd. (CHL) gained $0.13 intraday at $56.44 and registrered 0.23% for the week.


The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 1.15%.

China Mobile (Hong Kong) Ltd. (NYSE:CHL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.76 and $56.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.48, notching a gain of 0.30% for the day. The total traded volume was 534,151 . The stock had closed at $56.31 on the previous day.

China Mobile Limited is an investment holding company. The Company is engaged in providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly-administered municipalities in Mainland China and Hong Kong Special Administrative Region through its subsidiaries. The Companys business is divided into voice services and data services. The Companys customer service hotline offers assistance on different mobile service difficulties, handles all enquires and subscription of a range of mobile phone services. Its voice services include the business where its customers make and receive calls with a mobile phone at its mobile telecommunications networks. Its data services include Short Message Services and Multimedia Messaging Service, Wireless Data Traffic, Applications and Information Services.

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