Is a Breakout Coming? China Hgs Real Estate Inc (NASDAQ:HGSH)

China Hgs Real Estate Inc (NASDAQ: HGSH) continues to move up in the pre-market session after yesterday’s jump. If the stock can break above 2.05 and hold there is a possibility for a breakout here.

Market Action

As of 8:35, HGSH stock rose 10.27% or $0.19 to $2.04. The stock has seen a total of 229K shares in volume.

HGSH Releases Earnings This Morning

China HGS Announces First Six Months of Fiscal 2021 Financial Results

  • Total revenues for the second quarter of fiscal 2021 were approximately $18.3 million, representing an increase of 867.2% from approximately $1.9 million in the same quarter of fiscal 2020 due to more gross floor area sold during the current quarter.
  • Net income for the second quarter of fiscal 2021 totaled approximately $2.2 million, significantly increased from net loss of approximately $0.6 million in the same period of last year.
  • Basic and diluted net income per share attributable to shareholders for the second quarter of fiscal 2021 increased to $0.10, compared to net loss per share of $0.01 for the same quarter of the last year. 

Trader Notes

Share Information

SHARE FLOAT (%)6.78 M (30.12%)

Recent Stock Performance

5-DAY PERF.-5.13%
1-MONTH PERF.-10.63%
3-MONTH PERF.-31.23%
6-MONTH PERF.+34.06%
YTD PERF.+3.93%
1-YEAR PERF.+126.83%

Moving Averages

+/- EMA(20)2.00 (-7.50%)
+/- SMA(50)2.09 (-11.48%)
+/- SMA(200)1.77 (+4.52%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-106.1682SellChaikin Money Flow-0.1191Sell
MACD-0.1070SellMoney Flow Index41.1135Sell
STOCH (14,3)36.7816BuySTOCH RSI1.0000OverBought
UO45.1482BuyWilliams %R-63.2184Neutral

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