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Bullish Moving Average Cross by Netease.com (NTES)

By Amy Schwartz

Today, shares of Netease.com (NASDAQ:NTES) have crossed bullishly above their 10-day moving average of $216.51 on a volume of 495K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Netease.com share prices have been bracketed by a low of $102.80 and a high of $224.18 and are now at $221.96, 116% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Netease.com on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.17. Since that recommendation, shares of Netease.com have risen 19.6%. We continue to monitor NTES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses netease.com

Ticker(s): NTES