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TMCNet:  E-House China Up 6.6%, Shares Break Through Resistance (EJ)

[January 03, 2013]

E-House China Up 6.6%, Shares Break Through Resistance (EJ)

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- E-House China (NYSE:EJ) is one of today's best performing low-priced stocks, up 6.6% to $4.45 on 1.0x average daily volume. E-House China has traded 296,000 shares thus far today, vs. average volume of 287,000 shares per day. The stock has outperformed the Dow (6.6% to the Dow's 0.1%) and outperformed the S&P 500 (6.6% to the S&P's 0.2%) during today's trading.
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E-House China Holdings Ltd. offers real estate services. The Company offers primary real estate agency services to residential real estate developers; lists and brokers properties for resale; and offers land acquisition consulting and property development consulting services.

E-House China (NYSE:EJ) is currently priced 2.7% above its average consensus analyst price target of $4.32. The stock should hit resistance at its 200-day moving average (MA) of $5.02, as well as support at its 50-day MA of $3.89.

E-House China share prices have moved between a 52-week high of $7.61 and a 52-week low of $2.65 and are now trading 68% above that low price at $4.45 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of E-House China on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.01. Since that recommendation, shares of E-House China have risen 4.0%. We continue to monitor EJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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