Is Buying All-time Stock Like Senmiao Technology Limited (AIHS) a Winning Strategy?

April 17, 2018 - By Peter Erickson

The stock of Senmiao Technology Limited (NASDAQ:AIHS) reached all time high today, Apr, 17 and still has $7.63 target or 7.00 % above today’s $7.13 share price. This indicates more upside for the $184.52 million company. This technical setup was reported by Barchart.com. If the $7.63 PT is reached, the company will be worth $12.92 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 increased 9.69% or $0.63 during the last trading session, reaching $7.13. About 60,457 shares traded. Senmiao Technology Limited (NASDAQ:AIHS) has 0.00% since April 17, 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 $184.52 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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