Looking at the chart below, it appears that SNDA may retreat before heading higher.
Sunday, April 27, 2008
Shanda Interactive Entertainment
SNDA, an interactive online gaming company operating in China, picqued my interest this weekend when it passed one of my more successful short term screens and also recently experienced a double top breakout as seen in the P&F chart below. Interesting articles can be found at Seeking Alpha and Yahoo. It has a forward P/E of 13.92 according to Yahoo which is not bad given that its 2007 revenues were up 49.1% over 2006 and its annual net inome increased by 21.8%.
Looking at the chart below, it appears that SNDA may retreat before heading higher.
Looking at the chart below, it appears that SNDA may retreat before heading higher.
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