Should You Buy Recon Technology, Ltd. (RCON) Stock After it Is Up 9.47% in a Week?

Recon Technology, Ltd. (RCON) stock is higher by 9.47% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Recon Technology, Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RCON!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RCON Stock Today?

Recon Technology, Ltd. (RCON) stock is trading at $2.66 as of 1:20 PM on Tuesday, Oct 19, a gain of $0.02, or 0.95% from the previous closing price of $2.63. The stock has traded between $2.50 and $2.70 so far today. Volume today is 1,397,894 compared to average volume of 1,692,250. To screen for more stocks like Recon Technology, Ltd. click here.

More About Recon Technology, Ltd.

Recon Technology Ltd is a leading oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has three operating segments: Automation Product and Software, Equipment and Accessories, and Oilfield Environmental Protection. Most of the firm's revenue comes from the Automation Product and Software segment. Click Here to get the full Stock Report for Recon Technology, Ltd. stock.