NetEase (NTES) Shares are Up 11.66%

NetEase (NTES) : Traders are bullish on NetEase (NTES) as it has outperformed the S&P 500 by a wide margin of 15.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.66% in the last 1 week, and is up 13.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.39% and the 50-Day Moving Average is 15.09%.The 200 Day SMA reached 41.2% NetEase, Inc. is up 46.46% in the last 3-month period. Year-to-Date the stock performance stands at 33%.


NetEase (NTES) : The consensus price target for NetEase (NTES) is $219.5 for the short term with a standard deviation of $31.25. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $256, however, the pessimist price target for the company is $192.

For the current week, the company shares have a recommendation consensus of Buy. NetEase (NASDAQ:NTES): The stock opened at $237.5 and touched an intraday high of $242.98 on Friday. During the day, the stock corrected to an intraday low of $236.25, however, the bulls stepped in and pushed the price higher to close in the green at $238.03 with a gain of 0.12% for the day. The total traded volume for the day was 1,218,244. The stock had closed at $238.03 in the previous trading session.

NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.

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