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Netease.com Crosses Above its 10-day MA (NTES)

By Shiri Gupta

Today, shares of Netease.com (NASDAQ:NTES) have crossed bullishly above their 10-day moving average of $135.43 on a volume of 258K shares. This may provide swing traders with an opportunity 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 $186.45 and are now at $137.66, 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Netease.com on February 25th, 2016 by issuing a Downtrend alert when the shares were trading at $139.45. Since that call, shares of Netease.com have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses netease.com

Ticker(s): NTES