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Sohu.com Crosses Above its 10-day MA (SOHU)

By David Diaz

Sohu.com (NASDAQ:SOHU) shares have crossed bullishly above their 10-day moving average of $40.45 on a volume of 268K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Sohu.com share prices have been bracketed by a low of $38.58 and a high of $71.78 and are now at $40.69, 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sohu.com on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $46.38. Since that call, shares of Sohu.com have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sohu.com

Ticker(s): SOHU