Youku.com Makes a Move: Down 2.9%

   Date:2012-01-10

Youku.com (NYSE:YOKU) is a company whose shares are active, trading 2.9% lower to $16.14. The Dow is trading fractionally higher to 12,315 and the S&P is currently trading fractionally higher to 1,268.

Youku.com (NYSE:YOKU) has potential upside of 66.9% based on a current price of $16.14 and analysts' consensus price target of $26.94. The stock should find initial resistance at its 50-day moving average (MA) of $19.02 and further resistance at its 200-day MA of $32.15.

Over the past year, Youku.com has traded in a range of $13.76 to $69.95 and is now at $16.14, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 2%.

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.

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