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Shares of Youku.com Under Pressure, Down 2.5%

Published on Wed, 04/03/2013 - 12:20
By Peter Chu

One of today's notable stocks in decline is Youku.com (NYSE:YOKU), down 2.5% to $16.21. The S&P is trading lower by 0.8% to 1,557 and the Dow is trading 0.5% lower to 14,584.

Potential upside of 41.1% exists for Youku.com, based on a current level of $16.21 and analysts' average consensus price target of $22.87. The stock should find initial resistance at its 200-day moving average (MA) of $19.06 and further resistance at its 50-day MA of $19.96.

Youku.com share prices have moved between a 52-week high of $25.58 and a 52-week low of $13.82 and are now trading 17% above that low price at $16.21 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.1%.

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