Market Overview

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

(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


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

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