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Netease.com: 52-Week High Recently Eclipsed (NTES)

By Nick Russo

Netease.com (NASDAQ:NTES) traded at a new 52-week high today of $254.48. So far today approximately 466,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.

NetEase.com Inc. provides an Internet community for Chinese users. The Company's Web site offers email, online auctions, online chat rooms, personalized Web sites, instant messaging, Web hosting, and e-commerce services.

Netease.com share prices have moved between a 52-week high of $254.48 and a 52-week low of $102.80 and are now trading 146% above that low price at $252.83 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

Netease.com (NASDAQ:NTES) is currently priced 30.1% above its average consensus analyst price target of $176.69. Netease.com shares have support at the 200-day moving average (MA) of $144.13 and additional support at the 50-day MA of $140.68.

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 40.1%. We continue to monitor NTES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows netease.com

Ticker(s): NTES