real life schreef:
China INSOnline Set to Rebound after Yesterday's Selloff of 8.93% (CHIO)
Written on Fri, 05/07/2010 - 07:26
By Chip Brian
China INSOnline (NASDAQ:CHIO) traded in a range yesterday that spanned from a low of $0.48 to a high of $0.57. Yesterday, the shares fell 8.93%, which took the trading range below the 3-day low of $0.55 on volume of 745,000 shares.
Shares of China INSOnline are currently trading below their 50-day moving average (MA) of $0.59 and below their 200-day MA of $0.85. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of China INSOnline and our subscribers were alerted to Sell on March 22, 2010 at $0.53. The stock has fallen 3.8% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $0.55 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Internet Information Providers industry.