NetEase (NTES) Shares are Down -2.68%

NetEase (NTES) has risen sharply, recording gains of 12.04% in the past 4 weeks. However, the stock has corrected -2.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 10.96%.The 200 Day SMA reached 39.82%

NetEase

NetEase (NASDAQ:NTES): The stock opened in the green at $243.47 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $243.98 and a low of $238.02 for the day. The stock did not find buyers even at the lows and closed at $240.78 recording a loss of -0.53%. 769,299 shares exchanged hands during the trading day. The stock had closed at $240.78 in the previous days trading.

NetEase (NTES) stock is expected to deviate a maximum of $39.75 from the average target price of $238.5 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $284 and the most muted being $192.

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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