Dec 15, 2011 (SmarTrend(R) News Watch via COMTEX) -- Shanda Games (RCode:GAME) traded in a range yesterday that spanned from a low of $4.50 to a high of $4.60. Yesterday, the shares fell 0.7%, which took the trading range below the 3-day low of USD 4.30 on volume of 634,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of Shanda Games on November 9th, 2011 by issuing a Downtrend alert when the shares were trading at USD 4.74. Since that call, shares of Shanda Games have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Shanda Games have traded between a low of $3.46 and a high of $7.70 and are now at USD 4.52, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.