Shanda Games (NASDAQ:GAME) stock prices outlook october 2011

Shanda Games (NASDAQ:GAME) stock prices outlook october 2011 : Shanda Games (NASDAQ:GAME) is one of today's best performing low-priced stocks, up 3.6% to $4.41 on 0.3x average daily volume.Thus far today, Shanda Games has traded 244,000 shares, vs. average volume of 723,000 shares per day. The company traded 745,000 shares yesterday.

In the past 52 weeks, Shanda Games share prices have been bracketed by a low of $3.46 and a high of $7.70 and are now at $4.41, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.2%.

Shanda Games Ltd. develops, sources and operates Internet games in China.

Shanda Games (NASDAQ:GAME) has potential upside of 56.2% based on a current price of $4.41 and analysts' consensus price target of $6.88. The stock should find initial resistance at its 50-day moving average (MA) of $4.98 and further resistance at its 200-day MA of $6.14.
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