China Unicom Springs to Life

After a strong showing from Ericsson (ERIC) last week, I'm turning my attention to mobile phone providers on the other side of the globe. China Unicom (CHU) has struggled mightily since the start of February, but shares sprung to life with the changing of the seasons. With a strong push higher today, CHU cleared the high for the past 10 weeks and appears on track to retest those February highs.

For the first time since September, we see a continued bullish push in the Chaikan Oscillator along with the StochasticRSI. Also, the Full Stochastics is pushing above 50 for the first time in 2018. All of this combined with the breakout in price has me eyeing a target of $14.87. Call it $15 to keep things simple....202 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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