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Look for Shares of Netease.com to Potentially Pullback after Yesterday's 3.68% Rise

By James Quinn

Netease.com (NASDAQ:NTES) traded in a range yesterday that spanned from a low of $298.60 to a high of $308.31. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $305.96 on volume of 766,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Netease.com and will alert subscribers who have NTES in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Netease.com have traded between a low of $102.80 and a high of $323.10 and are now at $307.12, which is 199% 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.

Keywords: rebounders netease.com

Ticker(s): NTES