Buyers Accumulate Shares of Ltd, Up 3.5%

   Date:2011-12-23     Source:puchangpingxyw Ltd is one of today's notable stocks on the rise, up 3.5% to USD 23.54. The S&P is trading lower by 0.6% to 1,212 and the Dow is trading 0.4% lower to 11,816. Ltd. develops online computer games. The Company licenses its massively multi-player online role playing games.

There is potential upside of 80.2% for shares of Ltd based on a current price of $23.54 and an average consensus analyst price target of USD 42.41. The stock should run into initial resistance at its 50-day moving average (MA) of USD 26.08 and subsequent resistance at its 200-day MA of USD 35.36. Ltd share prices have moved between a 52-week high of USD 52.00 and a 52-week low of USD 20.71 and are now trading 14% above that low price at USD 23.54 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1%.

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