Traders Are Bearish Huami Corporation (HMI) After The Stock Formed Bearish Head & Shoulders

September 8, 2018 - By Mark Babin

The stock of Huami Corporation (HMI) formed H&S with $8.92 target or 8.00 % below today’s $9.70 share price. The 7 months Head & Shoulders indicates high risk for the $583.43M company. It was reported on Sep, 8 by If the $8.92 price target is reached, the company will be worth $46.67M 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 decreased 0.61% or $0.06 during the last trading session, reaching $9.7. About 49,844 shares traded. Huami Corporation (NYSE:HMI) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

More notable recent Huami Corporation (NYSE:HMI) news were published by: which released: “41 Biggest Movers From Yesterday” on August 21, 2018, also with their article: “Benzinga Pro’s 5 Stocks To Watch Today” published on August 20, 2018, published: “Earnings Scheduled For August 20, 2018” on August 20, 2018. More interesting news about Huami Corporation (NYSE:HMI) were released by: and their article: “Huami Corporation (HMI) CEO Wang Huang on Q2 2018 Results – Earnings Call Transcript” published on August 20, 2018 as well as‘s news article titled: “Huami Corporation 2018 Q2 – Results – Earnings Call Slides” with publication date: August 21, 2018.

Huami Corporation develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. The company has market cap of $583.43 million. It offers smart bands, watches, scales, and related accessories under the Xiaomi brand names. It has a 18.55 P/E ratio.

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