Shares of Youku.com Under Pressure, Down 3.2%

Published on Mon, 06/15/2015 - 10:32
By Peter Chu in Market movers, YOKU, market movers, nyse:yoku, youku.com

One of today's stocks on the move is Youku.com (NYSE:YOKU), down 3.2% to $28.71. The S&P is currently trading 0.7% lower to 2,079 and the Dow Jones Industrial Average is trading 0.9% lower to 17,741.

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.

Youku.com share prices have moved between a 52-week high of $31.50 and a 52-week low of $11.85 and are now trading 142% above that low price at $28.71 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 8.5%.

Youku.com (NYSE:YOKU) defies analysts with a current price ($28.71) 32.9% above its average consensus price target of $19.26. The stock should find initial support at its 50-day moving average (MA) of $21.62 and further support at its 200-day MA of $18.69.

By Peter Chu
pchu@fnno.com

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