Tencent Holdings (NASDAQ:TCTZF) is one of today's notable stocks on the rise, up 2.0% to $20.30. The Dow Jones Industrial Average is now trading fractionally higher to 12,307 and the S&P is trading fractionally higher to 1,267.

Tencent Holdings has overhead space with shares priced $20.30, or 23.1% below the average consensus analyst price target of $26.41. The stock should run into initial resistance at its 50-day moving average (MA) of $21.01 and subsequent resistance at its 200-day MA of $24.69.

Over the past year, Tencent Holdings has traded in a range of $18.30 to $29.35 and is now at $20.30, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

Tencent Holdings Limited provides Internet, mobile, and telecommunication value-added services in China. The Company has an instant messaging community in China. Tencent also provides online advertising services.