Shares Gapping Down Before the Trading Session: Sinopec Shanghai Petrochemical Company …

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Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) is moving lower ahead of the market open as the stock is gapping down -1.97%.  A recent bid puts the equity at $51.19.

HISTORICAL GROWTH

Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI)’s performance this year to date is -3.44%.  The stock has performed -5.89% over the last seven days, -8.73% over the last thirty, and -7.91% over the last three months.  Over the last six months, Sinopec Shanghai Petrochemical Company Limited’s stock has been -4.23% and 15.01% for the year.

SMA Watch
 Sinopec Shanghai Petrochemical Company Limited’s 20-Day Simple Moving Average is -9.75%.  Extending back, their 50-Day Simple Moving Average is -9.98%, looking even further back, their 200-Day Simple Moving Average stands at -7.86%.  

Investors might have been ready to throw in the towel as the rally stalled recently. However, the panic subsided and growth-hungry investors came searching for their favorite stocks in the wreckage. Keeping things in perspective, the economy seems good, and so does earnings growth. Investors may be wondering where the money will be flowing in the second half of the year. Many people may assume healthcare and tech would be the easy targets, primarily because that’s where the earnings growth is. Industrials and staples are no slouches for growth either, but they may be well fully-valued for their growth. Traders will most likely be honing their strategies that they created, trying to beat the market over the next couple of months. 

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Fuel Tech, Inc. (NASDAQ:FTEK) shares have been recorded gapping down -1.96% between sessions as the stock currently sits at $0.90 before the bell.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. 

Recent Price History

Fuel Tech, Inc. (NASDAQ:FTEK)’s performance this year to date is -20.17%.  The stock has performed 7.37% over the last seven days, 11.95% over the last thirty, and -20.17% over the last three months.  Over the last six months, Fuel Tech, Inc.’s stock has been -20.17% and -40.39% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Fuel Tech, Inc.’s 20-Day Simple Moving Average is 2.93%.  Extending back, their 50-Day Simple Moving Average is 2.83%, looking even further back, their 200-Day Simple Moving Average stands at -21.74%.  

Source: Google Alert – petrochemicals