Shares of Perfect World Under Pressure, Down 3.3%

Date:2011-09-27zhangxu  Text Size:


Perfect World (NASDAQ:PWRD), a company whose shares are moving quickly, is trading 3.3% lower to $12.47. The Dow Jones Industrial Average is now trading 0.2% higher to 1,133 and the S&P is trading 0.3% lower to 1,133.

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

Potential upside of 120.2% exists for Perfect World, based on a current level of $12.23 and analysts' average consensus price target of $26.93. Perfect World shares should first meet resistance at the 50-day moving average (MA) of $18.35 and find additional resistance at the 200-day MA of $21.49.

In the past 52 weeks, shares of Perfect World have traded between a low of $12.18 and a high of $34.40 and are now at $12.47, which is 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 3.7%.

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