Youku.com Makes a Move: Down 3.7%

   Date:2011-12-23     Source:puchangpingxyw

YOUKU.com (NYSE:YOKU) is a company whose shares are active, trading 3.7% lower to $17.39. The S&P is currently trading 0.6% lower to 1,212 and the Dow Jones Industrial Average is trading 0.4% lower to 11,816.

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.

Potential upside of 54.9% exists for Youku.com, based on a current level of $17.39 and analysts' average consensus price target of $26.94. The stock should find initial resistance at its 50-day moving average (MA) of USD 19.40 and further resistance at its 200-day MA of USD 32.80.

In the past 52 weeks, Youku.com share prices have been bracketed by a low of USD 13.76 and a high of USD 69.95 and are now at USD 17.39, 26% above that low price. The 200-day and 50-day moving averages have moved 1.75% lower and 0.73% higher over the past week, respectively. 

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