Price Action Report: Is Selling Skypeople Fruit Juice Inc Here a Winning Strategy?

Price Action Report: Is Selling Skypeople Fruit Juice Inc Here a Winning Strategy?

The stock of Skypeople Fruit Juice Inc (NASDAQ:SPU) is a huge mover today! About 230,994 shares traded hands. Skypeople Fruit Juice Inc (NASDAQ:SPU) has risen 313.18% since April 27, 2016 and is uptrending. It has outperformed by 307.95% the S&P500.
The move comes after 5 months negative chart setup for the $39.53M company. It was reported on Nov, 30 by Barchart.com. We have $7.81 PT which if reached, will make NASDAQ:SPU worth $1.58 million less.

According to Zacks Investment Research, “SkyPeople Fruit Juice, Inc. is a holding company for Shaanxi Tianren Organic Food Co., Ltd. SkyPeople’s main products are concentrated apple, kiwifruit, pear and other fruit juices for domestic and international consumers. Its brand, HEDETANG, is positioned as a high quality, healthy and nutritious juice concentrate and clear juice product used both as an ingredient component in other products and an end-use juice concentrate product. Shaanxi Tianren is a company organized according to the laws of the People’s Republic of China. It owns the largest kiwifruit plantation in China and is a leading worldwide producer of concentrated kiwifruit juice.”

More important recent Skypeople Fruit Juice Inc (NASDAQ:SPU) news were published by: Seekingalpha.com which released: “China Value: Is SkyPeople Fruit Juice, Inc. A Value Buy?” on October 28, 2016, also Marketwatch.com published article titled: “SkyPeople Fruit Juice Inc.”, Globenewswire.com published: “Nasdaq Halts SkyPeople Fruit Juice, Inc.” on April 15, 2016. More interesting news about Skypeople Fruit Juice Inc (NASDAQ:SPU) was released by: Globenewswire.com and their article: “Nasdaq Scheduled Resumption in SkyPeople Fruit Juice, Inc.” with publication date: September 26, 2016.

SPU Company Profile

Skypeople Fruit Juice, Inc., incorporated on June 29, 1998, is a holding company. The Firm has two direct wholly owned subsidiaries: Pacific Industry Holding Group Co., Ltd. (Pacific) and Harmony MN Inc. (Harmony). The Company, through its indirect subsidiaries in the People’s Republic of China (the PRC), is engaged in the production and sale of fruit juice concentrates (including fruit purees, concentrated fruit purees and concentrated fruit juices); fruit beverages (including fruit juice beverages and fruit cider beverages), and other fruit-related products (including organic and non-organic fresh fruits, dried fruit, preserved fruit and fructose). The Company’s products include fruit juice concentrates, including concentrated apple, pear and kiwi juices; fruit beverages, including pure fruit beverages and fruit cider beverages, and other fruit-related products, including fresh fruits and vegetables and fructose, among others.

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