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The9 Ltd (NCTY) Approaches New Upside Target of $5.52

Written on Thu, 07/29/2010 - 11:17am
By Chip Brian

SmarTrend has detected shares of The9 Ltd (NASDAQ:NCTY) have bullishly opened above the pivot of $5.07 today and have reached the first resistance level of $5.33.
We are watching for a cross of the next upside pivot targets of $5.52 and $5.97. Also, the shares are currently trading above the 50-day moving average of $4.27 and should find resistance at the 200-day moving average of $6.43.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of The9 Ltd on July 23, 2010 at $4.68. Since the call, the stock has risen 14%.

Keywords: the9 ltd pivot points

Ticker(s): NCTY

Contact Chip Brian



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