China Mobile Games And Entertainment Group (CMGE) In A Perilous Reversal

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Trade-Ideas LLC identified China Mobile Games and Entertainment Group ( CMGE) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified China Mobile Games and Entertainment Group as such a stock due to the following factors:

  • CMGE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.1 million.
  • CMGE has traded 115,096 shares today.
  • CMGE is down 3.3% today.
  • CMGE was up 5.5% yesterday.

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More details on CMGE:

China Mobile Games and Entertainment Group Limited, through its subsidiaries, develops and publishes mobile games primarily in the People's Republic of China. It provides social games and single-player games for mobiles. CMGE has a PE ratio of 145.6. Currently there is 1 analyst that rates China Mobile Games and Entertainment Group a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for China Mobile Games and Entertainment Group has been 428,700 shares per day over the past 30 days. China Mobile Games and Entertainment Group has a market cap of $634.5 million and is part of the technology sector and computer software & services industry. Shares are down 14.8% year-to-date as of the close of trading on Thursday.

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