China Finance Online (JRJC) NewsBite - Earnings Preview: JRJC

Posted on Thursday, May 29, 2008 11:27 AM

China Finance Online (JRJC) opened at $25.50. So far today the stock has hit a low of $23.61 and a high of $25.5. JRJC is now trading at $25.12, down 0.02 (-0.10%). After hitting a one-year low of $8.17 in August, the stock hit a one-year high of $47.68 in October. JRJC shares are relatively flat in advance of tonights quarterly earnings report. Analysts are looking for a profit of 13 cents per share. JRJC has failed to meet analysts' estimates in each of its past four quarterly reports. Technical indicators for JRJC are bullish and steady, while S&P gives the stock a neutral 3 Stars (out of 5) Hold rating. For a hedged play on this stock, consider a June bear-call above the $30 range. JRJC hasn't been above 30 since November. The stock could gain up to 19.5% and this trade would still be profitable. [LHF- Seven Summits Strategic Investments NewsBite]