| Will China Petroleum & Chemical (SNP) Continue to Surge Higher? - Tale of the Tape | |
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Investors certainly have to be happy with China Petroleum & Chemical Corp (SNP) and its short term performance. After all, the stock has jumped by 8.2% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for SNP?
While we can never know for sure, it is pretty encouraging that estimates for SNP have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
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China Petroleum & Chemical is a oil exploration company based in China. China Petroleum & Chemical is listed in United States of America. Its market capitalisation is US$ 50.7 billions as of today (€ 52.0 billions). Its stock quote reached its lowest recent point on September 21, 2001 at US$ 10.05, and its highest recent level on May 16, 2008 at US$ 99.92. China Petroleum & Chemical has 1 210 710 016 shares outstanding. |