Tuesday, May 24, 2011


Cosco: Announced that neither the Co. nor any of its subsidiaries has been cited as having committed any irregularities and disciplinary violations in the recent NAO report, where Audits found irregularities in financial statements of 17 Chinese SOEs. Technically, see near term support at $1.78 (2011 low) and resistance at $2.00 (200 Day MA)

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