Shanda Games Limited(ADR) (NASDAQ:GAME) Up 4.13%, Quantum Corp (NYSE:QTM) Up 2.16%, Silvercorp Metals Inc. (USA) (NYSE:SVM) Down 3.97%

Posted by Ryan Mandell April 26, 2013 0 Comment 730 views


Northern, WI 04/26/2013 (GDPInsider) –  Shanda Games Limited (ADR) (NASDAQ:GAME) started trading today at $2.78 and is currently up 4.13%. The multimedia and graphics software company has a range of $2.76 and $2.94 with volume of 202.46K. Analysts believe companies like game are poised to take advantage of an ever-growing gaming market in China. This market has grown tremendously and from a humble $160 million in 2003, the industry is now worth a staggering $9 billion. Analysts have set a target price of $4.06 for GAME and the stock is trading 0.79% above its 20-day moving average.

Is GAME a solid investment at these levels? Get valuable updates and exclusive insights here.

Quantum Corp (NYSE:QTM) is up 2.16% having started the day’s trading at $1.39. The stock has a range of $1.39 and $1.44 with a volume of 708.03K. Quantum announced on April 24, that it will holding a conference call on Wednesday, May 8, 2013 to discuss its fiscal Q4 earnings results. The stock is trading 9.82% above its 50-day moving average and 10.89% above its 20-day moving average. Technical data show a sharp spike in value which has occurred in the last week or so. This spike is among a fluctuating trend which has prevailed for the last 6 months. QTM has a RSI of 65.13 indicating that it is close to overbought territory.

How Should Investors Trade QTM Now? Get key and important information right here.

Silvercorp Metals Inc. (USA) (NYSE:SVM) started trading with an value of $3.04 and is down 3.97% on volume of 795.64K. The silver mining company which has operations in Canada and China currently employs 800 people and has market cap of $515.76 million. Analysts have set a target price of $7.53 and the company has a P/E of 16.78. Forward P/E is tipped at 7.19 and the EPS next year is expected to rise by 55.56%. The stock is currently down 5.42% on its 20-day moving average and also down 16.29% on its 50-day moving average. SVM is up 16.08% on its 52-week low of $2.55 and the stock’s technical chart shows a southward trend which has prevailed since December 2012.

How Should Investors Trade SVM Now? Get the latest trends and data here.

 

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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