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Netease.com Bearish Moving Average Crossover Alert (NTES)

By Amy Schwartz

Today, shares of Netease.com (NASDAQ:NTES) have fallen below their 10-day MA of $242.37 on a volume of 651K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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 133% above that low price at $239.72 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%.

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 38.9%. 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