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Is The9 Limited (NCTY) a Stock to Watch This Week?

Friday, February 19, 2021 10:13 AM | InvestorsObserver Analysts

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Is The9 Limited (NCTY) a Stock to Watch This Week?

The9 Limited (NCTY) stock is higher by 100.94% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
The9 Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NCTY!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NCTY Stock Today?

The9 Limited (NCTY) stock is trading at $74.59 as of 10:11 AM on Friday, Feb 19, an increase of $11.42, or 18.07% from the previous closing price of $63.17. The stock has traded between $65.50 and $74.74 so far today. Volume today is light. So far 571,144 shares have traded compared to average volume of 5,210,555 shares.

To see the top 5 stocks in the Electronic Gaming & Multimedia industry click here.

More About The9 Limited

The9 Ltd is engaged in developing and operating online games and related services in China. It primarily operate and develops proprietary and licensed online games, proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but they are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in North America, Greater China, and other areas.

Click Here to get the full Stock Score Report on The9 Limited (NCTY) Stock.

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