Analyzing the price chart for CNinsure (NASDAQ:CISG) has revealed a potential bearish harami candle pattern. Today's real body is within Friday's body and may imply that traders and investors believe that the recent uptrend may be nearing an end. A move down today would confirm this trend reversal. Also, the narrower the red body Friday, the more reliable the harami. Thus far today, CNinsure has traded 115,000 shares, vs. average volume of 477,000 shares per day. The company traded 288,000 shares yesterday.

CNinsure, Inc. operates an independent insurance agency and brokerage company. The Company provides insurance-related services, such as claim assessments and 24-hour emergency services, but do not assume underwritting risks. CNinsure, instead, distributes to their customers in China, insurance products underwritten by domestic and foriegn insurance companies operating in China.

In the past 52 weeks, CNinsure share prices have been bracketed by a low of $9.22 and a high of $26.74 and are now at $10.30, 11.7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 3%.

CNinsure (NASDAQ:CISG) has a potential upside of 102.7% based on a current price of $10.30 and analysts' consensus price target of $20.88. The stock should find initial resistance at its 50-day moving average (MA) of $13.17 and further resistance at its 200-day MA of $15.32.