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

June 10, 2018 - By Marie Mckinney

The stock of China Customer Relations Centers, Inc. (CCRC) formed H&S with $17.32 target or 4.00 % below today’s $18.04 share price. The 5 months Head & Shoulders indicates high risk for the $330.67M company. It was reported on Jun, 10 by Faxor.com. If the $17.32 price target is reached, the company will be worth $13.23M 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 1.69% or $0.3 during the last trading session, reaching $18.04. About 132,113 shares traded. China Customer Relations Centers, Inc. (NASDAQ:CCRC) has declined 0.13% since June 10, 2017 and is downtrending. It has underperformed by 12.70% the S&P500.

More news for China Customer Relations Centers, Inc. (NASDAQ:CCRC) were recently published by: Benzinga.com, which released: “58 Biggest Movers From Yesterday” on June 01, 2018. Benzinga.com‘s article titled: “40 Biggest Movers From Friday” and published on June 04, 2018 is yet another important article.

China Customer Relations Centers, Inc. provides call center business process outsourcing services for telecommunications companies in the PeopleÂ’s Republic of China. The company has market cap of $330.67 million. It offers voice customer care services, including customer relationship management, technical support, sales, customer retention, marketing surveys, and research services. It has a 45.21 P/E ratio.

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