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Buyers Accumulate Shares of, Up 1.5%

Published on Mon, 04/08/2013 - 10:48
By Peter Chu

Up 1.5% to $16.50, (NYSE:YOKU), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,552 and the Dow Jones Industrial Average is trading 0.3% lower to 14,523.

There is potential upside of 38.6% for shares of based on a current price of $16.50 and an average consensus analyst price target of $22.87. The stock should run into initial resistance at its 200-day moving average (MA) of $18.94 and subsequent resistance at its 50-day MA of $19.59. 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.

In the past 52 weeks, share prices have been bracketed by a low of $13.82 and a high of $25.58 and are now at $16.50, 19% above that low price. The 200-day and 50-day moving averages have moved 1.06% lower and 2.88% lower over the past week, respectively.

By Peter Chu