Investing in Xiaomi Stock

The Chinese electronics manufacturer Xiaomi Corporation is a multinational company that produces consumer electronics and related software for mobile devices, home appliances, and household items. Its smartphones run on the MIUI operating system, making them the second largest smartphone in the world. If you’re looking to invest in a Chinese stock, XIACY might be a good choice. 

Its recent acquisitions include YI, which is a Chinese smartphone maker, and Vivo, which has launched a line of fitness watches. If you’re wondering whether Xiaomi is a good stock to invest in, look for a positive short-term trend. The short-term moving average (SMA) is above the long-term one, giving a positive outlook. Further gains will likely meet resistance from the short-term moving average at $7.41, while further declines will meet support from the long-term average at $7.29. A break-up or breakdown of the short-term average will give a buy or sell signal, respectively.

Xiaomi Corporation provides a variety of consumer electronics, software, and related internet services in Mainland China, India, and Europe. It operates through four segments: Smartphones, Internet of Things, and Lifestyle Products. It also provides hardware repair services. The company is headquartered in Beijing, the People’s Republic of China. The company’s revenue is growing quickly, with more than $5 billion generated in the first quarter of 2019 alone.