E-Commerce China Dangdang Up 8.6%, Shares Break Through Resistance (DANG)
E-Commerce China Dangdang (NASDAQ:DANG) is one of today's best performing low-priced stocks, up 8.6% to $4.57 on 1.5x average daily volume. E-Commerce China Dangdang has traded 1.4 million shares thus far today, vs. average volume of 947,000 shares per day. The stock has outperformed the Dow (8.6% to the Dow's 0.9%) and outperformed the S&P 500 (8.6% to the S&P's 0.9%) during today's trading.
In the past 52 weeks, shares of E-Commerce China Dangdang have traded between a low of $3.68 and a high of $28.29 and are now at $4.57, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.6%.
Potential upside of 29.4% exists for E-Commerce China Dangdang, based on a current level of $4.57 and analysts' average consensus price target of $5.91. E-Commerce China Dangdang shares should first meet resistance at the 50-day moving average (MA) of $4.67 and find additional resistance at the 200-day MA of $6.19.
E-Commerce China Dangdang, Inc. is a business-to-consumer Internet retailer. The Company sells books and other media, beauty and personal care, home and lifestyle, baby, children and maternity products, and various apparel including jackets, shoes, and men's and women's apparel.
SmarTrend recommended that its subscribers protect gains by selling shares of E-Commerce China Dangdang on July 19th, 2012 by issuing a Downtrend alert when the shares were trading at $5.17. Since that call, shares of E-Commerce China Dangdang have fallen 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: penny stocks e-commerce china dangdang