E-House China (EJ - Get Report) is engaged in providing real estate agency and brokerage services in the primary and secondary markets and real estate consulting and information services in the People's Republic of China. This stock is trading up 7% to $4.47 in recent trading.
Today's Range: $4.20-$4.4752-Week Range: $2.95-$7.61 Volume: 229,000 Three-Month Average Volume: 233,411 From a technical perspective, EJ is bouncing higher here right above some near-term support at $4 with decent volume. This move is quickly pushing shares of EJ within range of triggering a near-term breakout trade. That trade will hit if EJ manages to clear some near-term overhead resistance levels at $4.48 to $4.60 and then once it takes out more overhead resistance at $4.81 with high volume. Traders should now look for long-biased trades in EJ as long as it's trending above $4, and then once it sustains a move or close above those breakout levels with volume that hits near or above 233,411 shares. If that breakout triggers soon, then EJ will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $5 or at $5.69.
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