What’s in Fuwei Films (FFHL) After Forming Bullish Multiple Top Chart Pattern?

July 16, 2018 - By Ash Maslow

The stock of Fuwei Films (FFHL) shows a multiple tops pattern with $3.27 target or 7.00 % above today’s $3.06 share price. The 5 months chart pattern indicates low risk for the $9.99 million company. It was reported on Jul, 16 by Finviz.com. If the $3.27 price target is reached, the company will be worth $698,950 more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 4.16% or $0.133 during the last trading session, reaching $3.057. About 35,954 shares traded or 191.31% up from the average. Fuwei Films (NASDAQ:Holdings Co) has 0.00% since July 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Fuwei Films Co., Ltd., through its subsidiaries, develops, makes, and distributes plastic films using the biaxial oriented stretch technique in the PeopleÂ’s Republic of China. The company has market cap of $9.99 million. The firm offers printing base films used in printing and lamination; stamping foil base films and transfer base films used for packaging of luxury items, including cigarettes and alcohol; metallized films or aluminum plating base films used for vacuum aluminum plating for flexible plastic lamination; high-gloss films used for aesthetically enhanced packaging purposes; heat-sealable films used for construction, printing, and making heat sealable bags; and laser holographic base films used as anti-counterfeit films for food, medicine, cosmetics, cigarettes, and alcohol packaging. It currently has negative earnings. It also provides dry films used in circuit boards production, as well as for nameplate and crafts etching; heat shrinkable films used for special-shaped packaging for beverage and cosmetics; and chemically treated films used to enhance properties, such as barrier resistance, printing properties, and electrostatic resistance.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.