Shares of E-Commerce China Dangdang Under Pressure, Down 4.6%

Date:2011-10-19zhangxu  Text Size:

E-Commerce China Dangdang (NASDAQ:DANG) is a company whose shares are active, trading 4.6% lower to $5.34. The S&P is trading higher by 0.4% to 1,206 and the Dow is trading fractionally higher to 11,413.

E-Commerce China Dangdang (NASDAQ:DANG) has potential upside of 116.0% based on a current price of $5.34 and analysts' consensus price target of $11.53. The stock should run into initial resistance at its 50-day moving average (MA) of $6.90 and subsequent resistance at its 200-day MA of $17.04.

E-Commerce China Dangdang, Inc. is a business-to-consumer Internet retailer. The Company sells books and other media, beauty and personal care, home and lifestyle, baby, children and maternity products, and various apparel including jackets, shoes, and men's and women's apparel.

In the past 52 weeks, shares of E-Commerce China Dangdang have traded between a low of $4.50 and a high of $36.40 and are now at $5.34, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 3.2%.

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