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Shares of Youku.com Receive a Boost, Up 1.4%

Published on Wed, 01/23/2013 - 11:34
By Peter Chu

One of today's notable stocks on the rise is Youku.com (NYSE:YOKU), up 1.4% to $22.56. The Dow Jones Industrial Average is now trading 0.5% higher to 13,782 and the S&P is trading fractionally higher to 1,493.

Potential upside of 13.3% exists for Youku.com, based on a current level of $22.56 and analysts' average consensus price target of $25.56. The stock should find initial support at its 200-day moving average (MA) of $19.88 and further support at its 50-day MA of $18.23.

Youku.com share prices have moved between a 52-week high of $32.75 and a 52-week low of $13.82 and are now trading 63% above that low price at $22.56 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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.

By Peter Chu
pchu@fnno.com