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Downtrend Call Working As eLong Stock Falls 8.6% (LONG)Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for eLong (NASDAQ:LONG) on October 15th, 2012 at $15.86. In approximately 2 months, eLong has returned 8.58% as of today's recent price of $14.50. In the past 52 weeks, eLong share prices have been bracketed by a low of $10.51 and a high of $18.69 and are now at $14.50, 38% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.48% higher over the past week, respectively. 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. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of eLong. Log in and add eLong (LONG) 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 [email protected] --------------------------------------------------------------------------------------------- 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 |