Shares of Youku.com Under Pressure, Down 3.2%

Published on Fri, 01/11/2013 - 13:14
By Mallory Stone in Market movers, YOKU, market movers, nyse:yoku, youku.com

One of today's notable stocks in decline is Youku.com (NYSE:YOKU), down 3.2% to $21.15. The S&P is currently trading fractionally lower to 1,470 and the Dow Jones Industrial Average is trading fractionally higher to 13,480.

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.

In the past 52 weeks, Youku.com share prices have been bracketed by a low of $13.82 and a high of $32.75 and are now at $21.15, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

There is potential upside of 18.7% for shares of Youku.com based on a current price of $21.15 and an average consensus analyst price target of $25.11. The stock should find initial support at its 200-day moving average (MA) of $19.91 and further support at its 50-day MA of $17.93.

By Mallory Stone
mstone@fnno.com

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