Sep 12, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shares of Harbin Electric (NASDAQ:HRBN - Snapshot Report) are trading up 0.7% to $19.94 today on above average volume. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 1.8 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of HRBN to see if this bullish momentum will continue.
SmarTrend currently has shares of Harbin Electric in an Uptrend and issued the Uptrend alert on June 20, 2011 at $13.08. The stock has risen 51.4% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 1.69% while the 200-day MA has risen 0.18%.
In the past 52 weeks, shares of Harbin Electric have traded between a low of $5.82 and a high of $25.05 and are now at $20.14, which is 246% above that low price.
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
Copyright, Comtex News Network, Inc. 2011