Youku.com (NYSE:YOKU) traded today at a new 52-week low of $15.26. Approximately 5.9 million shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
There is potential upside of 98.2% for shares of Youku.com based on a current price of $15.70 and an average consensus analyst price target of $31.12. The stock should run into initial resistance at its 50-day moving average (MA) of $18.85 and subsequent resistance at its 200-day MA of $20.89.
Over the past year, Youku.comhas traded in a range of $15.26 to $32.75 and are now at $15.70. The 200-day and 50-day moving averages have moved 0.34% lower and 0.68% lower over the past week, respectively.
Youku.com Inc. is an Internet television company. The Company's Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People's Republic of China.