Recent Price Trend in BOC Hong Kong (BHKLY) is Your Friend, Here's Why [Yahoo! Finance]
BOC HK HLDGS LTD S/ADR (BHKLY)
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Source: Yahoo! Finance
And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. BOC Hong Kong Ltd. (BHKLY) is one of the several suitable candidates that passed through the screen. Here are the
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