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E-Commerce China Dangdang Trading Higher Today on Above-Average Volume, Consistent With Trend (DANG)

By James Quinn

Shares of E-Commerce China Dangdang are trading up 0.5% to $6.63 today on above average volume. Today's volume of 499,000 shares tops the average 30-day volume of 429,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of E-Commerce China Dangdang on August 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.39. Since that recommendation, shares of E-Commerce China Dangdang have risen 3.3%. We continue to monitor DANG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, E-Commerce China Dangdang share prices have been bracketed by a low of $5.31 and a high of $11.50 and are now at $6.62, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: unusual volume e-commerce china dangdang

Ticker(s): DANG