eLong (NASDAQ:LONG) is a company whose shares are active, trading 2.7% higher to $13.99. The S&P is currently trading 1.4% lower to 1,243 and the Dow Jones Industrial Average is trading 1.3% lower to 11,886.

eLong has overhead space with shares priced $13.99, or 37.8% below the average consensus analyst price target of $22.50. The stock should run into initial resistance at its 50-day moving average (MA) of $16.56 and subsequent resistance at its 200-day MA of $17.72.

eLong share prices have moved between a 52-week high of $29.60 and a 52-week low of $12.50 and are now trading 12% above that low price at $13.99 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.2%.

eLong Inc. is an independent travel service company with a national presence across the Peoples' Republic of China. The Company uses Web-based distribution technologies and a 24-hour nationwide call center to provide consumers with travel information, and the ability to access hotel reservations at discounted rates at hotels in major cities across the country.

Source:fnno