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Upgrade Alert for Netease.com (NTES)

By Shiri Gupta

Netease.com (NASDAQ:NTES) was upgraded from Neutral to Buy at Nomura today. The stock closed yesterday at $145.80 on volume of 3.4 million shares, above average daily volume of 1.0 million.

Potential upside of 21.2% exists for Netease.com, based on a current level of $145.80 and analysts' average consensus 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 share prices have moved between a 52-week high of $186.45 and a 52-week low of $102.80 and closed yesterday at 42% above that low price at $145.80 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

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 is monitoring the recent change of momentum in Netease.com. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Netease.com in search of a potential trend change.

Keywords: analyst upgrades/downgrades netease.com

Ticker(s): NTES