Could China Customer Relations Centers, Inc. (CCRC) See a Reversal After Having Formed Several Months H&S Pattern

April 17, 2018 - By reb123z

The stock of China Customer Relations Centers, Inc. (CCRC) formed H&S with $13.80 target or 6.00 % below today’s $14.68 share price. The 5 months Head & Shoulders indicates high risk for the $269.08 million company. It was reported on Apr, 17 by If the $13.80 price target is reached, the company will be worth $16.14 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 3.09% or $0.44 during the last trading session, reaching $14.68. About 146,284 shares traded. China Customer Relations Centers, Inc. (NASDAQ:CCRC) has risen 11.81% since April 17, 2017 and is uptrending. It has outperformed by 0.26% the S&P500.

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