SmarTrend identified an Uptrend for China Petroleum & Chemical (NYSE:SNP) on August 29th, 2011 at $96.69. In approximately 6 months, China Petroleum & Chemical has returned 23.13% as of today's recent price of $119.05.

In the past 52 weeks, China Petroleum & Chemical share prices have been bracketed by a low of $82.50 and a high of $125.36 and are now at $119.05, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

China Petroleum and Chemical Corporation (Sinopec) explores for and produces crude oil and natural gas in China. The Company also owns refineries that make petroleum and petrochemical products such as gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. In addition, Sinopec trades petrochemical products.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of China Petroleum & Chemical shares.

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