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Shares of Netease.com Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Netease.com (NASDAQ:NTES) traded at a new 52-week high today of $209.60. Approximately 203,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Netease.com (NASDAQ:NTES) is currently priced 15.2% 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.

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 $209.60 and are now at $208.26, which is 103% above that low price. The 200-day and 50-day moving averages have moved 0.16% lower and 1.04% lower over the past week, respectively.

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 16.3%. 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