China Recycling Energy Corporation (CREG) Surges to All-Time Low, Is Now Worst Performer

The stock of China Recycling Energy Corporation (NASDAQ:CREG) reached all time low today, May, 17 and still has $0.48 target or 7.00 % below today’s $0.52 share price. This indicates more downside for the $8.38M company. This technical setup was reported by Barchart.com. If the $0.48 PT is reached, the company will be worth $586,250 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 4.17% or $0.0226 during the last trading session, reaching $0.52. About 148,081 shares traded. China Recycling Energy Corporation (NASDAQ:CREG) has declined 44.10% since May 17, 2018 and is downtrending. It has underperformed by 48.47% the S&P500.

More notable recent China Recycling Energy Corporation (NASDAQ:CREG) news were published by: Globenewswire.com which released: “CREG Intends to Acquire 20% Ownership of Xi’an Xinhuan to Develop Storage Energy Business – GlobeNewswire” on September 04, 2018, also Streetinsider.com with their article: “Pre-Open Stock Movers 04/15: (EFII) (ADSW) (GOGO) Higher; (RBZ) (AKAO) (CLVS) Lower (more…) – StreetInsider.com” published on April 15, 2019, Globenewswire.com published: “China Recycling Energy Corporation Announces Closing of $3 Million Registered Direct Offering – GlobeNewswire” on October 31, 2018. More interesting news about China Recycling Energy Corporation (NASDAQ:CREG) were released by: Seekingalpha.com and their article: “PayPal’s 8% advance among premarket gainers – Seeking Alpha” published on October 19, 2018 as well as Finance.Yahoo.com‘s news article titled: “Does China Recycling Energy Corporation (NASDAQ:CREG) Have A Volatile Share Price? – Yahoo Finance” with publication date: December 25, 2018.

China Recycling Energy Corporation engages in the recycling energy business in China. The company has market cap of $8.38 million. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. It currently has negative earnings. The firm offers waste pressure-to-energy solutions, including the blast furnace top gas recovery turbine unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.

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