Is Buying All-time Stock Like iQIYI, Inc. (IQ) a Winning Strategy?

April 17, 2018 - By Hannah Black

The stock of iQIYI, Inc. (NASDAQ:IQ) reached all time high today, Apr, 17 and still has $20.63 target or 4.00 % above today’s $19.84 share price. This indicates more upside for the $14.04 billion company. This technical setup was reported by Barchart.com. If the $20.63 PT is reached, the company will be worth $561.64M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.51% or $0.1 during the last trading session, reaching $19.84. About 6.94 million shares traded. iQIYI, Inc. (NASDAQ:IQ) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

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