Published on Wed, 09/14/2011 - 12:26
By Mallory Stone in Market movers, JOBS, 51job inc, market movers, nasdaq:jobs

One of today's notable stocks on the rise is 51job Inc (NASDAQ:JOBS), up 2.9% to $54.16. The Dow is up 0.6% to 11,172 and the S&P is currently up 0.7% to 1,181.

51job, Inc. provides integrated human resource services in China, with a strong focus on recruitment related services. The Company's recruitment related services are delivered in both print and online formats.

There is a potential upside of 28.4% for shares of 51job Inc based on a current price of $54.13 and an average consensus analyst price target of $69.50. The stock should run into initial resistance at its 200-day moving average (MA) of $56.55 and subsequent resistance at its 50-day MA of $58.14.

51job Inc share prices have moved between a 52-week high of $69.80 and a 52-week low of $27.69 and are now trading 96% above that low price at $54.16 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

By Mallory Stone