China Precision Steel (CPSL) Technical Alert - Watch for 87.8% Uptrend Continuation

China Precision Steel (NASDAQ:CPSL) is trading 2.2% higher (up $0.06 to $2.76) today on volume of 255,666 shares. The stock has traded within a 52-week range of $0.86 and $5.67.

China Precision Steel is currently above its 50-day moving average of $2.67 and above its 200-day moving average of $1.80.

SmarTrend is bullish on shares of CPSL and our subscribers received an Uptrend alert on April 13, 2009 at $1.47, which has returned 87.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: china, market, nasdaq, securities, steel