Simcere Pharmaceutical Group Upward Momentum Looks to Continue (SCR)

SmarTrend identified an Uptrend for Simcere Pharmaceutical Group on November 12, 2010 at $10.31. In approximately 2 months since that trend was identified, Simcere Pharmaceutical Group has returned 25% as of today's recent price of $12.89.

In the past 52 weeks, shares of Simcere Pharmaceutical Group have traded between a low of $7.44 and a high of $13.57 and are now at $12.89, which is 73% above that low price.

Simcere Pharmaceutical Group is currently above its 50-day moving average of $11.37 and above its 200-day moving average of $9.45. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 3.14% while the 200-day MA has risen 1.08%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Simcere Pharmaceutical Group shares.



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