Volume Spike Detected in Shares of China Shen Zhou Mining & Resources as They Move Higher on 2.4x Above-Average Volume (SHZ)

Shares of China Shen Zhou Mining & Resources SHZ are trading up 11.4% to $3.43 today on above average volume. Approximately 1.4 million shares have traded hands today vs. average 30-day volume of 590,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of SHZ to see if this bullish momentum will continue.

China Shen Zhou Mining & Resources Inc. acquires, explores, extracts, and develops mining properties in the inner Mongolia region of the People's Republic of China. The Company mines for minerals that include fluorite, copper, zinc, and lead.

In the last five trading sessions, the 50-day MA has fallen 2.07% while the 200-day MA has risen 0.71%.

In the past 52 weeks, shares of China Shen Zhou Mining & Resources have traded between a low of $0.65 and a high of $10.84 and are now at $3.21, which is 394% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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