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Upgrade Alert for China Unicom Hong Kong (CHU)
[December 18, 2012]

Upgrade Alert for China Unicom Hong Kong (CHU)

Dec 18, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- China Unicom Hong Kong (NYSE:CHU) was upgraded from Underperform to Neutral at Macquarie today. The stock closed yesterday at $15.68 on volume of 607,000 shares, below average daily volume of 668,000. China Unicom Hong Kong has overhead space with shares priced $15.68, or 16.8% below the average consensus analyst price target of $18.85. China Unicom Hong Kong shares should first meet resistance at the 200-day moving average (MA) of $15.72 and find additional resistance at the 50-day MA of $16.06.

China Unicom (Hong Kong) Limited, through its subsidiaries, provides telecommunications services in the People's Republic of China. The Company's services include cellular, paging, long distance, data, and Internet services.

In the past 52 weeks, China Unicom Hong Kong share prices have been bracketed by a low of $12.16 and a high of $21.68 and closed yesterday at $15.68, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.


SmarTrend is tracking the current trend status for China Unicom Hong Kong and will alert subscribers who have CHU in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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