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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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