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

By Shiri Gupta

Netease.com (NASDAQ:NTES) traded at a new 52-week high today of $261.30. Approximately 238,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Netease.com (NASDAQ:NTES) defies analysts with a current price ($260.20) 32.1% above its average consensus price target of $176.69. The stock should find initial support at its 200-day moving average (MA) of $144.13 and further support at its 50-day MA of $140.68.

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.

In the past 52 weeks, shares of Netease.com have traded between a low of $102.80 and a high of $261.30 and are now at $260.20, which is 153% 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 42.0%. 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