Market Overview

CDC Shares Down 14.1% Since SmarTrend Said Sell (CHINA)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for CDC (NASDAQ: CHINA) on June 08, 2011 at $2.31. In approximately 2 months, CDC has returned 14.1% as of today's recent price of $1.98.

In the past 52 weeks, shares of CDC have traded between a low of $1.48 and a high of $4.93 and are now at $1.98, which is 34% above that low price.

CDC is currently below its 50-day moving average of $2.24 and below its 200-day moving average of $3.09. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 2.26% while the 200-day MA has slid 1.5%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of CDC.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

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