Uptrend Spotted in Shares of E-House China (EJ)
SmarTrend identified an Uptrend for E-House China (NYSE: EJ) on February 12, 2010 at $17.83. In approximately 3 weeks, E-House China has returned 16.3% as of today's recent price of $20.73.
E-House China is currently above its 50-day moving average of $17.57 and above its 200-day moving average of $18.44. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of E-House China shares.
Write to Chip Brian at cbrian@tradethetrend.com
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