Shares of Changyou.com Ltd Under Pressure, Down 2.4%

   Date:2012-01-10

One of today's stocks on the move is Changyou.com Ltd (NASDAQ:CYOU), down 2.4% to $22.79. The S&P is trading fractionally higher to 1,268 and the Dow is trading fractionally higher to 12,315.

Changyou.com Ltd. develops online computer games. The Company licenses its massively multi-player online role playing games.

Changyou.com Ltd share prices have moved between a 52-week high of $52.00 and a 52-week low of $20.71 and are now trading 10% above that low price at $22.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 2.9%.

Changyou.com Ltd has overhead space with shares priced $22.79, or 46.3% below the average consensus analyst price target of $42.41. Changyou.com Ltd shares should first meet resistance at the 50-day moving average (MA) of $25.32 and find additional resistance at the 200-day MA of $35.04.

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