(CGA) International Agriculture Co. Pulled Back From 52-week High to Rebound From Key Trend Line

December 27th, 2009

China Green Agriculture Inc. (CGA) recently pulled back from its 52-week high at $18.70 after surging higher in mid November on another strong quarterly performance. The up trend that has been supporting prices since summer is still in play but a ways away at $12. As it stands shares are in a bit of a state of limbo, planted between the old high and the trend line. Take a look below.

The holidays have been kind to Steve Maddens (SHOO) share price, recently rebounding from a key trend line at $35 to move back within striking distance of the 52-week high just above $45. Shares of SHOO have been riding this very smooth trend higher since bottoming out in early March with the overall market. If shares do pullback again look for more support from here. Take a look.

Zacks Investment Research

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