Colorchips New Media's Stock Rises, But Receives 'Strong Sell' Rating from MarketsMOJO

Colorchips New Media Ltd, a microcap company in the TV broadcasting and software industry, has been making headlines in the stock market recently. The company's stock, which is listed under the ticker symbol COLORCHIPS, opened today with a gain of 7.92%. However, according to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating.

Despite the initial gain, Colorchips New Media's performance today has been outperformed by the sector by 2.97%. This could be a cause for concern for investors, especially considering the company's recent streak of consecutive gains. In fact, the stock has been on the rise for the past 6 days and has seen an impressive 72.28% increase in returns during this period.

In terms of moving averages, Colorchips New Media is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock in the short and long term.

Comparing the stock's performance to the overall market, Colorchips New Media has outperformed the Sensex by 0.89% in the past day and by a significant 76.34% in the past month. This highlights the company's strong performance in the recent weeks.

While the stock may have seen a positive start today, investors should take note of the 'Strong Sell' rating given by MarketsMOJO. It is important to conduct thorough research and analysis before making any investment decisions, especially when it comes to microcap companies like Colorchips New Media.