Sohu Com Inc. (SOHU)

[eastunder]

5 Tech Stocks Rising on Big Volume - views

Sohu.com

By Roberto Pedone
Senior Contributor
08/22/12 - 01:50 PM EDT

http://www.stockpickr.com/5-tech-stocks-rising-big-volume.html?puc=yahoo&cm_ven=YAHOO

Sohu.com (SOHU) is a Chinese online media, search, gaming, community and mobile service group. The company operates matrices of Chinese language Web properties, and it operates multi-player online games and Web-based games in the People’s Republic of China. This stock is trading up 5.4% at $41.99 in recent trading.

Today’s Volume: 799,000 (currently at 1.34m ~ eastunder)

Average Volume: 737,588 (I show 680,160 ~ eastunder)

Volume % Change: 66%

From a technical perspective, SOHU is ripping here right off its 50-day moving average of $39.33 with above average volume. This move is quickly pushing SOHU within range of triggering a near-term breakout trade. That trade will hit once SOHU clears some overhead resistance levels at $42.81 to $44.99 with high volume.

Traders should now look for long-biased trades in SOHU as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 737,588 shares. If that breakout triggers soon, then look for SOHU to re-test and possibly take out its 200-day moving average of $48.28 in the near future.


(Chart below? - Mine... so not in article)