Shares of Sohu.com Under Pressure, Down 3.6%

   Date:2011/11/29

Sohu.com (NASDAQ:SOHU) is one of today's notable stocks in decline, down 3.6% to $49.93. The S&P is currently trading 0.3% lower to 1,189 and the Dow Jones Industrial Average is trading 0.4% lower to 11,502.

Sohu.com Inc. operates an Internet portal in China. The Company's Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.

Over the past year, Sohu.com has traded in a range of $46.35 to $109.37 and is now at $49.93, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.3% while the 200-day MA has slid 0.6%.

Potential upside of 66.1% exists for Sohu.com, based on a current level of $49.93 and analysts' average consensus price target of $82.94. Sohu.com shares should first meet resistance at the 50-day moving average (MA) of $58.86 and find additional resistance at the 200-day MA of $76.39.

Source:Fnno

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