UPTREND CALL REALIZED AS SILVERCORP METALS STOCK RISES 14.5% (SVM)

UPTREND CALL REALIZED AS SILVERCORP METALS STOCK RISES 14.5% (SVM)
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Jul 22, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Silvercorp Metals (AMEX:SVM - Snapshot Report) on July 05, 2011 at $9.93. In approximately 2 weeks, Silvercorp Metals has returned 14.5% as of today's recent price of $11.37.

In the past 52 weeks, shares of Silvercorp Metals have traded between a low of $5.86 and a high of $16.32 and are now at $11.37, which is 94% above that low price.

Silvercorp Metals is currently above its 50-day moving average of $9.99 and should find resistance at its 200-day moving average of $11.60. 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 0.17% while the 200-day MA has risen 0.56%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2011

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As of Monday, 07-18-2011 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated an UPTREND on
05-31-2011 for SVM @ $11.26.

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provider or go to www.mysmartrend.com

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