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China Finance Online (JRJC) Crosses Pivot Point Resistance at $7.53

Written on Tue, 07/20/2010 - 1:29pm
By Chip Brian

SmarTrend has detected shares of China Finance Online (NASDAQ:JRJC) have bullishly opened above the pivot of $7.42 today and have reached the first resistance level of $7.53.
We are watching for a cross of the next upside pivot targets of $7.67 and $7.92. Also, the shares are currently trading above the 50-day moving average of $7.07 and should find resistance at the 200-day moving average of $7.73.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of China Finance Online on June 04, 2010 at $7.56. Since the call, the stock has risen 0.8%.

Keywords: china finance online pivot points

Ticker(s): JRJC

Contact Chip Brian



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