Dec 15, 2011 (SmarTrend(R) News Watch via COMTEX) -- The9 Ltd ( RCode :NCTY) traded in a range yesterday that spanned from a low of USD 7.34 to a high of $7.69. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of USD 6.85 on volume of 65,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that subscribers consider buying shares of The9 Ltd on November 30th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit  USD 5.87. Since that recommendation, shares of The9 Ltd have risen 25.0%. We continue to monitor NCTY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of The9 Ltd have traded between a low of  USD 2.90 and a high of $8.49 and are now at USD 7.59, which is 162% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.7% while the 200-day MA has remained constant.

Source:www.zacks.com