China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

A close above 13.77 would be significant.

New Support Levels for China MediaExpress Holdings (CCME)
Published on 05/11/2010 by Leo Goldman ([e-mail])

NEW YORK (Market Intellisearch) -- Today’s trading activities for China MediaExpress Holdings stock may signal that the shares may continue to head higher in the foreseeable future assuming that the moving average continues to rise with the price of the equity. Savvy investors who focus on quality stocks while looking for the right opportunity to make a trade should focus on the moving averages to track the trend.

Today, the shares of China MediaExpress Holdings crossed above the 50-day moving average indicating a likely bullish trend. Shares of CCME settled the day up $1.71 to $13.21 on heavier than usual volume. In today's trading session, the stock price ranged between $11.99 and $13.45. The stock's 52 week low is 7.3 and the 52 week high is 14.82.

Other relevant figures to examine are the support and resistance levels for CCME. Based on the pivot points, the current support and resistance levels for China MediaExpress Holdings are 12.31 and 13.77 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.