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Technical Analysis
- 9/30/2009 9:02:52 AM
By Chip Brian, SmarTrend Analytics Team
China Precision Steel (NASDAQ:CPSL) upgraded to Hold, $2.50 target, at Roth Capital. The stock closed yesterday at $2.71 on volume of 1,160,100 shares, above average daily volume of 999,668.
China Precision Steel is currently above its 200-day moving average of $1.97 and should find resistance at its 50-day moving average of $2.81.
SmarTrend is bullish on shares of CPSL and our subscribers received an Uptrend alert on June 02, 2009 at $2.57, which has returned 5.4% to date.
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