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TMCNet:  KongZhong Has Returned 19.9% Since SmarTrend Recommendation (KONG)

[January 08, 2013]

KongZhong Has Returned 19.9% Since SmarTrend Recommendation (KONG)

Jan 08, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for KongZhong (NASDAQ:KONG) on August 17th, 2012 at $7.00. In approximately 5 months, KongZhong has returned 19.94% as of today's recent price of $5.60.



In the past 52 weeks, shares of KongZhong have traded between a low of $3.41 and a high of $10.79 and are now at $5.60, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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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