E-House China Shares Sinking Lower, Down 3.8%


Published on Wed, 09/14/2011 - 12:07
By Robert Cotter in Market movers, EJ, e-house china, market movers, nyse:ej

Down 3.8% to $6.05, E-House China (NYSE:EJ), is one of today's notable movers. The S&P is currently trading 0.7% higher to 1,181 and the Dow Jones Industrial Average is trading 0.6% higher to 11,172.

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.

There is a potential upside of 49.2% for shares of E-House China based on a current price of $6.05 and an average consensus analyst price target of $9.02. The stock should find initial resistance at its 50-day moving average (MA) of $7.30 and further resistance at its 200-day MA of $11.08.

E-House China share prices have moved between a 52-week high of $20.14 and a 52-week low of $5.52 and are now trading 10% above that low price at $6.05 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.7%.


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