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TMCNet:  KongZhong Shares Down 15.2% Since SmarTrend's Sell Call (KONG)

[December 03, 2012]

KongZhong Shares Down 15.2% Since SmarTrend's Sell Call (KONG)

Dec 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for KongZhong (NASDAQ:KONG) on August 17th, 2012 at $7.00. In approximately 4 months, KongZhong has returned 15.23% as of today's recent price of $5.93.



KongZhong share prices have moved between a 52-week high of $10.79 and a 52-week low of $3.41 and are now trading 74% above that low price at $5.93 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.98% lower over the past week, respectively.

Kongzhong Corporation develops and markets wireless value-added telecommunications services. The Company offers interactive entertainment, media, and community services to cellular telephone subscribers in the People's Republic of China.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of KongZhong.

Log in and add KongZhong (KONG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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