Sep 06, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for E-House China (NYSE:EJ - Snapshot Report) on July 12, 2011 at $8.45. In approximately 2 months, E-House China has returned 25.8% as of today's recent price of $6.27.

In the past 52 weeks, shares of E-House China have traded between a low of $5.52 and a high of $20.14 and are now at $6.27, which is 14% above that low price.

E-House China is currently below its 50-day moving average of $7.66 and below its 200-day moving average of $11.31. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 2.06% while the 200-day MA has slid 1.94%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of E-House China.

Source:zacks