Wednesday, August 22, 2012 3:03:18 PM
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)
The only way to find the limits of the possible is by going beyond them to the impossible.
Recent SOHU News
- Sohu.com to Report First Quarter 2024 Financial Results on May 20, 2024 • PR Newswire (US) • 05/06/2024 05:00:00 AM
- Sohu.com Limited Announces its 2023 Annual Report on Form 20-F is Available on the Company's Website • PR Newswire (US) • 03/18/2024 10:45:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/04/2024 11:07:48 AM
- SOHU.COM REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 UNAUDITED FINANCIAL RESULTS • PR Newswire (US) • 03/04/2024 05:00:00 AM
- Sohu.com to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 4, 2024 • PR Newswire (US) • 02/20/2024 05:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/13/2023 11:10:27 AM
- SOHU.COM REPORTS THIRD QUARTER 2023 UNAUDITED FINANCIAL RESULTS • PR Newswire (US) • 11/13/2023 05:00:00 AM
- Sohu.com to Report Third Quarter 2023 Financial Results on November 13, 2023 • PR Newswire (US) • 10/30/2023 05:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/13/2023 10:06:34 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2023 11:04:34 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2023 11:00:08 AM
- SOHU.COM REPORTS SECOND QUARTER 2023 UNAUDITED FINANCIAL RESULTS • PR Newswire (US) • 08/07/2023 05:00:00 AM
- Sohu.com to Report Second Quarter 2023 Financial Results on August 7, 2023 • PR Newswire (US) • 07/24/2023 05:00:00 AM
- SOHU.COM REPORTS FIRST QUARTER 2023 UNAUDITED FINANCIAL RESULTS • PR Newswire (US) • 05/15/2023 05:00:00 AM
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