Perfect World Shares Sinking Lower, Down 4.9%

Published on Mon, 06/24/2013 - 10:43
By Adrienne Chilton in Market movers, PWRD, market movers, nasdaq:pwrd, perfect world

One of today's notable stocks in decline is Perfect World (NASDAQ:PWRD), down 4.9% to $15.05. The S&P is currently trading 1.4% lower to 1,570 and the Dow Jones Industrial Average is trading 1.2% lower to 14,622.

In the past 52 weeks, Perfect World share prices have been bracketed by a low of $8.92 and a high of $17.25 and are now at $15.05, 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 5.0%.

Perfect World (NASDAQ:PWRD) defies analysts with a current price ($15.05) 12.8% above its average consensus price target of $13.12. The stock should find initial support at its 50-day moving average (MA) of $13.25 and further support at its 200-day MA of $11.57.

Perfect World Co Limited develops and operates online games. The Company primarily develops 3D gaming technologies.

By Adrienne Chilton
achilton@fnno.com

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