Time to Reconsider Senmiao Technology Limited (AIHS) After Touching All Time High?

April 22, 2018 - By Adrian Mccoy

The stock of Senmiao Technology Limited (NASDAQ:AIHS) reached all time high today, Apr, 22 and still has $7.88 target or 3.00 % above today’s $7.65 share price. This indicates more upside for the $197.98M company. This technical setup was reported by Barchart.com. If the $7.88 PT is reached, the company will be worth $5.94 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 1.92% or $0.15 during the last trading session, reaching $7.65. About 78,513 shares traded. Senmiao Technology Limited (NASDAQ:AIHS) has 0.00% since April 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Senmiao Technology Limited, through its interest in Sichuan Senmiao Ronglian Technology Co., Ltd., operates an online lending platform connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers in China. The company has market cap of $197.98 million. The Company’s platform offers access to credit to borrowers and creditors, and investment returns for investors. It currently has negative earnings.

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