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Shares of Netease.com Rise Above Previous 52-Week High

By James Quinn

Netease.com (NASDAQ:NTES) traded today at a new 52-week high of $216.95. So far today approximately 413,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.

Netease.com (NASDAQ:NTES) defies analysts with a current price ($214.84) 17.8% 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.

In the past 52 weeks, shares of Netease.com have traded between a low of $102.80 and a high of $216.95 and are now at $214.84, which is 109% 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.

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.

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 18.7%. 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